Selling Russia

SmartMoney‘s columnist James Stewart is selling his position in the Market Vectors Russia ETF (RSX) according to his column Bracing for Higher Interest Rates.

Stewart recommended the ETF last fall, but now sees the fund failing three of his investment criteria for a rising interest rate environment.

Stewart believes that investors’ current love affair with emerging markets will cool as higher interest rates in the U.S. will mean a stronger dollar.

Be Sociable, Share!

Powered by WordPress. Designed by Woo Themes