iShares Launches Russia ETF (ERUS)

iShares continued the expansion of its product lineup on Wednesday, debuting the MSCI Russia Capped Index Fund (ERUS) on the NYSE Arca Exchange. The new ETF will track the performance of the MSCI Russia 25/50 Index, a benchmark that currently includes about 28 individual securities. All 25/50 indexes, such as the benchmark to which the Ireland ETF (EIRL) is linked, are constructed such that no single issuer represents more than 25% of the weight of the index and that all issues that individually represent more than 5% of the weight of the index do not in the aggregate represent more than 50% of the weight of the index. “The new iShares MSCI Russia Capped Index Fund offers greater precision and access to the 12th largest economy in the world1,” said Noel Archard, Head of US Product at iShares, BlackRock. “The new iShares fund further enhances our large single [...] Click here to read the original article on ETFdb.com. Related Stories: State Street’s Russia ETF (RBL) Begins Trading Today ETF Plays To Follow Cisco Into Russia Russia ETFs Head-to-Head: RBL vs. RSX