ETF investors poised in Russia
25 June 2015 London
Image: Shutterstock
Exchange-traded fund (ETF) investors continue to position themselves to benefit from a recovery in the Russian market despite continued unrest and sanctions, according to Markit.
Net long inflows into ETFs have totalled $406 million so far this year.
The largest Russian exposed ETF by assets under management at $2.1 billon is the Market Vectors Russia ETF (RSX), which benchmarks the DAXglobal Russia+ Index, tracking the 30 largest and most liquid Russian companies trading as global depository receipts.
The ETF’s net asset value is up by 29 percent this year, despite falling 9 percent in the last month, according to Markit.
Short interest in RSX has also been volatile, with short sellers covering over the last six months as the ETF rallied.
Shares outstanding on loan has spiked as high as 16 percent in December 2014 but has declined throughout 2015 to 3.5 percent.
Net long inflows into ETFs have totalled $406 million so far this year.
The largest Russian exposed ETF by assets under management at $2.1 billon is the Market Vectors Russia ETF (RSX), which benchmarks the DAXglobal Russia+ Index, tracking the 30 largest and most liquid Russian companies trading as global depository receipts.
The ETF’s net asset value is up by 29 percent this year, despite falling 9 percent in the last month, according to Markit.
Short interest in RSX has also been volatile, with short sellers covering over the last six months as the ETF rallied.
Shares outstanding on loan has spiked as high as 16 percent in December 2014 but has declined throughout 2015 to 3.5 percent.
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