VanEck Vectors Russia Fund (RSX): Could be a powerful turnaround situation
One wildcard ETF to consider is the VanEck Vectors Russia Fund (RSX). I know, I know—“Russia” and “investing” are two words rarely uttered smartly in the same sentence. But I think Russia could be a powerful turnaround situation. The possibility of a more cozy relationship with Russia (and a possible lift of economic sanctions) could help.
RSX fell 68% over a five-year period (!) before bottoming last year, and after rebounding for a few months, accelerated higher in December. Now the RSX ETF is consolidating normally—buying around here with a stop near 20 seems like a good risk/reward, or you could wait for a resumption of the uptrend (above 21.8) with a stop near 20.5.