NEW YORK–(BUSINESS WIRE)–We at VanEck are aware of concerns about a halt in trading of VanEck Russia ETF (Cboe: RSX) and the VanEck Russia Small-Cap ETF (Cboe: RSXJ) and would like to remind market participants that this is the responsibility of the listing exchange—in this case, CBOE.
We would also like to remind investors of the significant risks of investing in Russian securities, several of which are being realized. These risks, among others, include the risks of government intervention and restrictions, sanctions, and nationalization. Also, in times of market dislocation, the ETF shares may trade at a premium or discount to the ETF’s net asset value.
VanEck has a history of looking beyond the financial markets to identify trends that are likely to create impactful investment opportunities. We were one of the first U.S. asset managers to offer investors access to international markets. This set the tone for the firm’s drive to identify asset classes and trends – including gold investing in 1968, emerging markets in 1993, and exchange traded funds in 2006 – that subsequently shaped the investment management industry.
Today, VanEck offers active and passive strategies with compelling exposures supported by well-designed investment processes. As of January 31, 2022, VanEck managed approximately $78.6 billion in assets, including mutual funds, ETFs and institutional accounts. The firm’s capabilities range from core investment opportunities to more specialized exposures to enhance portfolio diversification. Our actively managed strategies are fueled by in-depth, bottom-up research and security selection from portfolio managers with direct experience in the sectors and regions in which they invest. Investability, liquidity, diversity, and transparency are key to the experienced decision-making around market and index selection underlying VanEck’s passive strategies.
Since our founding in 1955, putting our clients’ interests first, in all market environments, has been at the heart of the firm’s mission.
An investment in RSX and RSXJ may be subject to risks which include, among others, investing Russian issuers, foreign securities, emerging market issuers, foreign currency, depositary receipts, basic materials sector consumer discretionary sector, financials sector, industrials sector, real estate sector, utilities sector, small- capitalization companies, equity securities, market, operational, index tracking, authorized participant concentration, no guarantee of active trading market, trading issues, passive management, fund shares trading, premium/discount risk and liquidity of fund shares, issuer-specific changes, non-diversified and concentration risks, all of which may adversely affect RSX and RSXJ. Foreign and emerging markets investments are subject to risks, which include changes in economic and political conditions, changes in foreign regulations, changes in currency exchange rates, unstable governments, and limited trading capacity which may make these investments volatile in price or difficult to trade. Small-capitalization companies may be subject to elevated risks.
Investing involves substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges and expenses of a Fund carefully before investing. To obtain a prospectus and summary prospectus, which contain this and other information, call 800.826.2333 or visit vaneck.com. Please read the prospectus and summary prospectus carefully before investing.