The Market Vectors Russia ETF, distributed by Van Eck Global, has reached USD2bn in assets.
The fund was the first ETF listed in the US designed to give U.S. investors exposure to a broad spectrum of Russian companies.
It seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the DAXglobal Russia+ Index, a basket of the securities of 43 of the most heavily traded Russian companies that have listings on global exchanges, either through an American depository receipt, a global depository receipt or local Russian shares.
"As Russia grows and matures, it will likely assume an increasingly important role in the global economy, and exposure to the country’s markets will be of growing interest to US investors," says Jan van Eck, principal at Van Eck Global. "We are pleased that RSX has continued to attract interest from investors looking for a convenient means to access the Russian market."