Will this ETF continue its string of recent wins? Let's take a closer look at the fund, its recent gains, the category it resides in, and its ratings and outlook to get a sense of whether its momentum is sustainable or not.
Inside RSX's Rise
As mentioned earlier, RSX has now gained 72.04% from its 52-week low, which was hit back on February 9, 2016. The fund has now returned 4.71% over the past month, 22.39% over the past three months, and 24.77% in the past six months. Those returns compare extremely favorably to the benchmark S&P 500 index's 2.05%, 8.37%, and 6.62% returns in the same periods, respectively.
RSX currently sits above its 10-day, 20-day, 50-day, 100-day, and 200-day moving averages (MAs), which from a technical standpoint suggests a very strong possibility that the recent gains can continue. That's because the shares have no short-term overhead resistance to bump up against.
A Look Under The Hood
The Van Eck Vectors Russia ETF is an Equity-focused product issued by Van Eck Associates. Its expense ratio of 0.62% makes it the #31 cheapest ETF among 77 total funds in the Emerging Markets Equities ETFs category.
RSX currently boasts $2.60B in assets under management (AUM), placing it #5 of 77 ETFs in its category, and #165 of 1922 total ETFs in the U.S. exchange traded universe.
The investment objective of the Market Vectors Russia ETF seeks to replicate as closely as possible, the price and yield performance of the Market Vectors Russia Index. This index is made up of 32 large cap Russia-based companies, or companies that do at least 50% of their business in Russia.
As you can imagine, the index is heavily weighted toward energy, which has enjoyed a solid rebound over the past year or so. Large Russian banks also have big representation in the fund. The combination of rising energy prices, smart central banking, and political influence with Donald Trump now in the White House has propelled Russian equities higher.
RSX SMART Grade: More Gains Ahead?
A SMART Grade of A suggests excellent future price growth potential, so it's reasonable to expect even more gains ahead. RSX thus receives our highest recommendation.
For more information about this ETF, including full ratings, news, data, and more, please visit RSX's ticker page .
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