Source unveils Russia ETF

Source has unveiled an ETF offering exposure to Russia on the London Stock Exchange (LSE).

The ETF tracks the Wiener Börse's Russian Depository Price Return Index (RDX) and is denominated and traded in US dollars.

Source says there are often discrepancies between announced and paid dividends, leading to inefficiencies and reduced payouts to ETF investors.

The RDX Source ETF will distribute the dividend equivalent to the amounts received with regards to the companies constituting the index. The fund pays the dividends on a quarterly basis.

The RDX is a capitalisation-weighted price index, tracking in real time the price movements of the most liquid depositary receipts on Russian shares traded on the LSE.

The index currently comprises 15 securities, with Gazprom constituting around 25% of the index and LUKoil around 15%.