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Energy Demand Lifts Gazprom, Russia ETF

by Don Dion

ETF investors may want to pay attention to the Market Vectors Russia ETF. There is a strong chance that a top holding may see a comfortable boost in coming months as economic easing around the globe reignites demand for energy. Year to date for the period ending Nov. 3, the fund has jumped nearly 117%. Recently I wrote that although the state-owned gas giant Gazprom is hoping to increase its strength in the U.S., current economic factors have required it to focus mainly on its European and Asian branches. While not the company's ideal scenario, its focus on Europe is proving beneficial. Gazprom accounts for nearly 8% of the fund's holdings. During the worst of the economic crisis, the demand for natural gas in the European Union took a hit. However, as the climate has eased and winter has begun its approach, some of the largest...

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