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Russia ETF Climbs: Risky Energy Play

|Includes: BRF, CVX, EPI, EWZ, HAO, VanEck Vectors Russia ETF (RSX), XOM

The rise of Market Vectors Russia ETF (RSX Quote) has been swift, but the move is likely unsustainable, as this ETF is tied heavily to oil prices. As Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX) advance in the U.S., Russia-based Lukoil (LKOD.LI) and OAO Gazprom (GAZP.RM) have helped to advance RSX more than 140% year to date.

RSX tracks 38 firms domiciled in Russia that have an average daily trading volume of…READ MORE

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