Tag Archive | RBL

Four ETFs Impacted By Russia’s World Cup Victory

Russia recently won the right to host the 2018 World Cup, one of the world’s largest sporting events, which is expected to boost the nation’s economy and provide positive price support to the Market Vectors Russia ETF (RSX), the SPDR S&P Russia (RBL), the iShares MSCI Russia Capped Index (ERUS) and the SPDR S&P BRIC 40 (BIK).

In preparation for the event, Russia is expected to significantly ramp up infrastructure spending over the next few years.  It is expected that the Kremlin will construct 13 new stadiums and renovate three existing ones to host matches.  Furthermore, the emerging nation is committed to improve and upgrade its airports and other transportation arteries, like roadways, to accommodate increased capacity and usage.  Read More…

Mother Nature Could Hinder Russian ETFs

In the second quarter of the year, Russia’s economy expanded by 5.2% from a year earlier and has been gaining strength; however, harsh weather conditions could hinder future growth in the Kremlin.

Russia’s recent economic growth has primarily been accelerated by sizable increases in retail sales and investment as well as healthy commodity prices.  In June, retail sales in Russia saw their largest jump in nearly two years as unemployment levels continued to descend and consumers loosened the grip on their wallets.  Additionally, the price of Urals, Russia’s export blend of crude oil, was nearly 31% higher in the second quarter of this year when compared to the year-earlier period.  This is significant because oil and gas are one of Russia’s largest exports and fuels the nation’s economy.  In fact, the Federal Customs Service stated that energy accounted for 72% of all exports to the Baltics and countries outside the former Soviet Union in the first half of the year. Read More…

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