Recent Performance of Russian ETF Proves Impressive
The countries of Brazil, Russia, India, and China make up the well-known ‘BRIC’ ETF that provides investor access to four diverse markets around the world. While each country has had its share of good and bad times, Russia has propelled the fund with a remarkable week of growth. According to Kevin Baker of TheStreet.com, Russia [...]
CurrencyShares Exchange Traded Products Declare Monthly Distributions
Rydex Investments today announced the distribution declarations for seven CurrencyShares exchange traded products: CurrencyShares Australian Dollar Trust (NYSE: FXA), CurrencyShares British Pound Sterling Trust (NYSE: FXB), CurrencyShares Canadian Dollar Trust (NYSE: FXC), CurrencyShares Euro Trust (NYSE: FXE), CurrencyShares Mexican Peso Trust (NYSE: FXM), CurrencyShares Russian Ruble Trust (NYSE: XRU), and CurrencyShares Swedish Krona Trust (NYSE: [...]
Russian Market Performance Ranks Last, Country-specific ETF Suffers
Severe weakness within the Russian economy has taken a tremendous toll on the country-specific ETF in 2008. Of the world’s twenty largest equity markets, Russia ranked at the very bottom, according to William Mauldin and Denis Maternovsky of Bloomberg. Russia’s index, tracked by Market Vectors Russia ETF (RSX: Quote, Profile, Advanced Chart, News), has lost [...]
Recession Officially Declared for Russia
The Russian market has been slumping for some time, and experts believe it will get worse before it gets better. As a result, the economic cycle has been officially downgraded to a recession. Over at least the next six months, the country-specific ETF and currency ETF both look to be entering additional hardship. Vidya Ram [...]
Rydex Extends Monthly Distribution on CurrencyShare ETFs
Seven of the CurrencyShares-brand ETFs from Rydex Investments have announced a monthly distribution for December. The exchange-traded products track currency of various countries around the world on the NYSE, and the payable date will be December 8, 2008. According to the Rydex Investment press release, the scheduled distributions will range from $0.092 for CurrencyShares Canadian [...]
Access to Russian Currency Now Afforded by New Rydex ETF
Rydex has expanded its collection of eight CurrencyShares ETFs with the launch of a new product to track Russian currency. According to the Market Wire press release, CurrencyShares Russian Ruble Trust (XRU: Quote, Profile, Advanced Chart, News) provides the first currency exposure to the Russian economy and has just begun trading 1,000 Rubles per share [...]
