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SPDR S&P Russia ETF (RBL)

- NYSEARCA
  • Mon, Jul. 20, 4:52 AM
    • Entangled in the Greek debt crisis, few European policymakers had little time or interest to pay attention to the recent summit talks between the leaders of Brazil, Russia, India, China and South Africa, collectively known as the BRICS.
    • The hotly discussed New Development Bank was reported to have just held its first board meeting and will soon be lending internationally. The BRICS Bank will start off with a capital of $50B which will be hiked to $100B in two years.
    • Meanwhile, the combined economic output of the BRICS last year almost matched America's GDP. Back in 2007, the U.S. economy was double that of the five nations.
    • ETFs: EWZ, RSX, EPI, INDY, RUSL, PIN, EZA, INP, INDL, RSXJ, ERUS, RUSS, DSUM, CHIX, INXX, INDA, RBL, BRZU, BZQ, UBR, BRZS, DBBR, CHLC, FBZ, RUDR
    | 4 Comments
  • Tue, Jul. 7, 6:20 AM
    • Saudi Arabia has signed a commitment to invest up to $10B in Russia over the next five years, in a move signaling a thawing in relations between the two countries.
    • The majority of the money will be spent on Russia’s agricultural projects, as well as medicine, logistics, and the country's retail and real estate sectors.
    • Facing a political standoff with the West, Moscow has been turning eastward, to reduce reliance on Europe and the U.S. In early May, the country signed economic deals with China worth up to $25B.
    • ETFs: RSX, RUSL, RUSS, ERUS, RSXJ, RBL
    | 6 Comments
  • Mon, Jun. 22, 4:30 AM
    • The European Union has extended sanctions against Russia by six months to the end of January, keeping up pressure on the Kremlin to bring peace to eastern Ukraine.
    • The restrictions outlaw financing for major Russian banks, ban the export of sophisticated energy-exploration equipment, and prohibit the sale of weapons and some civilian goods with military uses.
    • Debt-stricken Greece, which has been courting Russian economic aid, shied away from a veto.
    • ETFs: RSX, RUSL, RUSS, ERUS, RSXJ, RBL
    | 10 Comments
  • Fri, Jun. 19, 2:27 PM
    • SPDR S&P Russia ETF (NYSEARCA:RBL) announces semi-annual distribution of $0.025.
    • 30-Day Sec yield of 3.93% (as of 06/17/2015).
    • Payable July 1; for shareholders of record June 23; ex-div June 19.
    | Comment!
  • Wed, Jun. 17, 3:49 AM
    • U.S. Secretary of State John Kerry said that Russia's plans to acquire more intercontinental ballistic missiles was concerning and could herald a return to the international hostility of the "Cold War."
    • Speaking at a military and arms fair on Tuesday, Russian President Vladimir Putin announced the upcoming addition of 40 ICBMs to the country's nuclear arsenal, which would be able to overcome "even the most technically advanced anti-missile defense systems."
    • ETFs: RSX, RUSL, RUSS, ERUS, RSXJ, RBL
    | 28 Comments
  • Mon, Jun. 15, 9:19 AM
    • The Bank of Russia today cut its benchmark interest rate by 100 basis points to 11.5%, inline with expectations, though some had expected the bank to match its April cut of 150 bps.
    • Today's was the fourth rate cut this year.
    • Cited by analysts as reason for just a 100 bp cut this time is continuing weakness in the ruble, and sure enough the currency has rallied somewhat in today's session, with the dollar now buying 54.97 rubles vs. 55.15 prior to the move.
    • Even with this year's easing, the central bank's key rate remains 100 basis points above its level in December - prior to an emergency increase to 17% to defend the plummeting currency.
    • The Micex is lower by 0.5%.
    • ETFs: RSX, RUSL, RUSS, ERUS, RSXJ, RBL
    | Comment!
  • Thu, Jun. 4, 4:22 AM
    • Dozens of people were reportedly killed or injured around the city of Donetsk on Wednesday, in one of the bloodiest battles between Ukrainian forces and Russia-backed militias since a fragile ceasefire began in February.
    • "Russia bears direct responsibility for preventing these attacks...any attempts to seize additional Ukrainian territory will be met with increased costs," said Marie Harf, spokeswoman for the U.S. Department of State.
    • The scale of the violence spooked investors, with the Russian stock market falling more than 2.5% and the ruble losing 2% vs. the dollar.
    • ETFs: RUSL, RUSS, ERUS, RSXJ, RBL, RSX -1.5% premarket
    | 4 Comments
  • Thu, May 7, 9:19 AM
    • "It is probably fair to say that we are known in the market for being bullish China -- some might say permabulls -- so for us this is a big call," says the team at Morgan Stanley, cutting Chinese stocks to Equalweight after having them at Overweight for 7.5 years.
    • "Dramatic recent outperformance has led to a deterioration in absolute and relative valuations and a technically overbought situation," they say, noting there's been little improvement in the underlying economy and earnings revisions have disappointed.
    • Alongside that move, the team downgrades Russia to Underweight, while lifting Taiwan to Overweight.
    • ETFs: FXI, ASHR, CAF, YINN, PGJ, GXC, FXP, YANG, PEK, MCHI, XPP, YAO, YXI, CN, CHXF, FCA, CHNA, KBA, AFTYRSX, RUSL, RUSS, EWT, ERUS, RSXJ, RBL, FTW, QTWN
    | Comment!
  • Mon, May 4, 3:28 AM
    | 5 Comments
  • Thu, Apr. 30, 10:40 AM
    • Responding to a rallying ruble, Russia's central bank cut interest rates for the third time this year - lowering its benchmark rate a full 150 basis points to 12.5% (vs. 100 bps expected). Rates had risen to as high as 17% near the end of last year.
    • Giving the bank room to ease is the strength in the ruble - up 18% this year vs. the dollar after shedding almost half its value in 2014.
    • RSX -0.6%
    • Source: Bloomberg
    • ETFs: RSX, RUSL, RUSS, ERUS, RSXJ, RBL
    | Comment!
  • Tue, Apr. 21, 6:47 AM
    • Russia's economy contracted about 2% last quarter on an annual basis, Prime Minister Dmitry Medvedev announced on Tuesday, blaming the slump on a plunge in oil prices, the ruble and sanctions imposed over Ukraine.
    • "Today we face not only short-term crisis effects: if external pressure increases while oil prices remain at an extremely low level...we’ll have to develop in a different economic reality," Medvedev said. The downturn was "most acute" at end-2014 and the start of this year, but the situation is now "stabilizing."
    • The decline in gross domestic product is the first since a contraction in 2009.
    • ETFs: RSX, RUSL, RUSS, ERUS, RSXJ, RBL
    | 1 Comment
  • Wed, Apr. 1, 6:17 AM
    • Russia's economy will continue on its downward trajectory for the next five years, warned the country's former finance minister at a round table discussion on Tuesday.
    • "Structural reforms were not done in time. This is the most serious challenge facing the president — a stagnating economy at least for the next five years," said Alexei Kudrin, according to a report from Russian business news agency, RBC.
    • "From 2012 to 2018 economic growth will be 1.5% (per year), in the best case - 2%," he added.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | 13 Comments
  • Tue, Mar. 24, 10:43 AM
    • Greece has been "mishandled" from the beginning by all parties, George Soros tells Bloomberg. "It's now a lose-lose game," with muddling through the best possible outcome, and a Greek exit from EMU very much on the table.
    • Most concerning to Soros is the Russian-backed war in eastern Ukraine. The West, he says, needs to move on from sanctions on Russia - which only feeds into Putin's narrative - and instead provide more support for Ukraine.
    • ETFs: RSX, GREK, RUSL, RUSS, RSXJ, ERUS, RBL
    | 10 Comments
  • Fri, Mar. 20, 4:01 AM
    • Greek Prime Minister Alexis Tsipras agreed to speed up his economic reform plans at late-night crisis talks in Brussels, while a joint statement by the EU creditors following the meeting spoke of a "spirit of mutual trust."
    • Also at the summit: EU leaders decided to keep sanctions on Russia in place until the end of this year at the earliest, linking them to the "complete implementation" of a Ukraine ceasefire deal.
    • ETFs: RSX, GREK, RUSL, RUSS, RSXJ, ERUS, RBL
    | 4 Comments
  • Fri, Mar. 13, 7:03 AM
    • Russia cut its main interest rate once again today, slashing its key rate by 1 percentage point to 14%. It comes after the rate was lowered to 15% from 17% at the end of January.
    • Russia's broader economy has been hard hit by economic sanctions following its annexation of Crimea and its role in the Ukraine crisis, as well as a sharp decline in global oil prices.
    • Over the last 12 months, the ruble has weakened close to 70% against the dollar, and inflation came in at 16.7% in February, posing further troubles for the country.
    • ETFs: RUSS, RSXJ, ERUS, RBL, RSX -0.4%, RUSL -0.8% premarket
    | 1 Comment
  • Sun, Feb. 22, 7:19 AM
    • Nearly a week after a ceasefire was supposed to have gone into effect in Ukraine, Secretary of State John Kerry said on Saturday that he and his British counterpart, Philip Hammond, would discuss additional sanctions in response to Russia’s "brazen" violations of the agreement.
    • "We know to a certainty what Russia has been providing to the separatists," announced Kerry. "We’re not going to sit there and be part of this kind of extraordinarily craven behavior at the expense of the sovereignty and integrity of a nation."
    • Russia’s credit rating was cut to below investment grade by Moody’s Investors Service on Friday, joining Standard & Poor’s in ranking the country’s debt as junk.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | 109 Comments
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RBL Description
The SPDR® S&P® Russia ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the S&P Russia Capped BMI Index (ticker: SPCQXRUP). Our approach is designed to provide portfolios with low portfolio turnover, accurate tracking, and lower costs.
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Country: Russia
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