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Gazprom Profits Increase in First Half: Using ETFs to Gain Exposure

By Market News Video Staff, Monday, November 8, 9:22 AM ET

Russia’s Gazprom posted a 67% gain in profits for the first half of the year, the company said today.

The SPDR S&P Russia ETF (AMEX:RBL) is made up of 19.69% Gazprom stock. Gazprom is not listed in the U.S., but the fund’s #4 stock, Mobile Telesystems (NYSE:MBT) is.

The Van Eck Russia ETF (AMEX:RSX) is 7.68% Gazprom stock.

Other U.S.-listed stocks in the Russia funds include Vimpelcom (NYSE:VIP) and Wimm-Bill-Dann Foods (WBD).

Find the right mix of model portfolios today at PortfolioChannel.com


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