Russia ETFs Holding up Despite Gazprom Dividend Cut
February 08, 2013 at 14:28 PM EST
Shares of the Market Vectors Russia ETF (NYSE: RSX ), the largest ETF tracking the "R" in the ubiquitous BRIC, are trading slightly higher on Friday despite news of a lower 2012 dividend from OAO Gazprom (OTC: OGZPY ). Gazprom, the world's largest gas producer, is forecasting a 2012