by winston » Wed May 27, 2015 10:38 am
not vested
Best ETFs for June: Market Vectors Russia ETF Trust (RSX)
YTD Performance: +34%
Assets: $2.3 billion
Expense Ratio: 0.61% or $61 annually on every $10,000 invested
Top Holdings: Gazprom OAO (ADR) (OTCMKTS:OGZPY), Lukoil (ADR) (OTCMKTS:LUKOY), Magnit Ojsc
Crude oil prices had been in a tailspin from late last year before bottoming in March and rebounding in April. May has been awfully quiet, but many traders see that pause as a good sign since crude hasn’t retested its lows … and the stability could hint that another leg up is to come.
That means the time could be perfect to dive in to the oversold Market Vectors Russia ETF Trust (NYSEARCA:RSX), which is overweight in some massive state-run energy stocks.
But why buy RSX instead of just oil directly, then? Well, because I remain convinced that oil is still too hot to handle directly — and while bargain hunting in Russia is only slightly less aggressive than riding commodity price volatility directly, the diversification of RSX makes it a bit more stable.
Source: Investor Place
It's all about "how much you made when you were right" & "how little you lost when you were wrong"