Van Eck Debuts Small Cap Russia ETF (RSXJ)

Today marks the first day of trading for the Market Vectors Russia Small-Cap ETF (RSXJ), the first exchange-traded product offering U.S. investors exposure to small cap Russian stocks. The new fund from Van Eck will seek to replicate the performance of the Market Vectors Russia Small-Cap Index, a benchmark that includes about 35 small cap Russian stocks. The underlying components are unlikely to be familiar to many U.S. investors; the largest individual weightings are afforded to Pharmstandar, (8%), LSR Group (7.9%), and O’Key Group (6.8%). Small Cap Difference RSXJ joins three existing Russia ETFs, the most popular of which is a Market Vectors fund (RSX) with nearly $4 billion in AUM. The Market Vectors Russia ETF offers exposure primarily to large cap firms; about 95% of the underlying index is firms with a market capitalization in excess of $5 billion, with the remainder attributable to firms between $1 billion and [...] Click here to read the original article on ETFdb.com. Related Posts: Van Eck Launches Small Cap Germany ETF (GERJ) Playing The Emerging Markets Through Small Cap ETFs Going Beyond EEM: Rounding Out Emerging Markets Exposure With ETFs Emerging Market ETFs: Seven Factors Every Investor Should Consider iShares Rolls Out Three New International ETFs