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Russia Looks Better on Paper Than in Real Life

LETRX is an open-end (and load) mutual fund, not an ETF. So far as I know, RSX is the only ETF available (and a pretty good deal when Russia is going up). There is no inverse Russia fund except EEV, an ETF that tries to return twice the the inverse of EEM (i.e. all emerging markets based on the MSCI index). (Also EUM tries to return the inverse of EEM, but since the expenses are about the same it is smarter to put half the amount in EEV and keep the rest in cash.) Keep an eye on ProShares, Rydex, and Drexion, though, to see who comes out first with an inverse Russia fund.

Russia Looks Better on Paper Than in Real Life

LETRX is an open-end (and load) mutual fund, not an ETF. So far as I know, RSX is the only ETF available (and a pretty good deal when Russia is going up). There is no inverse Russia fund except EEV, an ETF that tries to return twice the the inverse of EEM (i.e. all emerging markets based on the MSCI index). (Also EUM tries to return the inverse of EEM, but since the expenses are about the same it is smarter to put half the amount in EEV and keep the rest in cash.) Keep an eye on ProShares, Rydex, and Drexion, though, to see who comes out first with an inverse Russia fund.