Continue to site >
Trending ETFs
You have successfully subscribed to Advisor Access. Thank you!
Help us personalize your experience.
Which type of investor describes you best?
Help us personalize your experience.
What is your AUM?
Knowing your investable assets will help us build and prioritize features that will suit your investment needs.

Congratulations on personalizing your experience.

Email is verified. Thank you!

Fund of the Week: ING Russia Fund (LETRX)

Shauna O'Brien

|

ING financial logo
All eyes have been on Russia following the collapse of the ruble after a surprise interest rate hike. On Tuesday, the ruble fell to an all time low of 80 per dollar. With this news, we have chosen ING Russia Fund (LETRX) as the fund of the week for December 17.

Inside the Fund

LETRX was launched in 1996 and is managed by Nathan Griffiths and Renat Nadyukov. It currently has about $76 million in assets under management (AUM).

The fund’s largest sector is energy, which has pulled down its performance.

Historical Performance

2010 2011 2012 2013 YTD
27.57% -29.15% 16.51% 4.77% -37%
ING Russia Fund’s Largest Holdings

Nearly half of the fund’s portfolio is in the top five holdings. The YTD performance of these holdings are mostly negative, while the fund is down nearly 40% YTD.

Symbol Stock Portfolio Weight YTD Performance
BCBA: LKOD OAO Lukoil ADR 12.5% -38.82
MCX: SNGSP Surgutneftegas OJSC 9.68% +22.29%
MCX: MGNT Magnit PJSC 9.39% +11.60%
LON: MNOD MMC Norilsk Nickel JSC 9.19% -5.66%
LON: SBER Sberbank Of Russia 5.46% -64.41%

The Bottom Line

This fund is a great fund to watch while the situation in Russia intensifies. It is a good example of how collapsing stock prices can impact a mutual fund.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Read Next

ING financial logo

Fund of the Week: ING Russia Fund (LETRX)

Shauna O'Brien

|

All eyes have been on Russia following the collapse of the ruble after a surprise interest rate hike. On Tuesday, the ruble fell to an all time low of 80 per dollar. With this news, we have chosen ING Russia Fund (LETRX) as the fund of the week for December 17.

Inside the Fund

LETRX was launched in 1996 and is managed by Nathan Griffiths and Renat Nadyukov. It currently has about $76 million in assets under management (AUM).

The fund’s largest sector is energy, which has pulled down its performance.

Historical Performance

2010 2011 2012 2013 YTD
27.57% -29.15% 16.51% 4.77% -37%
ING Russia Fund’s Largest Holdings

Nearly half of the fund’s portfolio is in the top five holdings. The YTD performance of these holdings are mostly negative, while the fund is down nearly 40% YTD.

Symbol Stock Portfolio Weight YTD Performance
BCBA: LKOD OAO Lukoil ADR 12.5% -38.82
MCX: SNGSP Surgutneftegas OJSC 9.68% +22.29%
MCX: MGNT Magnit PJSC 9.39% +11.60%
LON: MNOD MMC Norilsk Nickel JSC 9.19% -5.66%
LON: SBER Sberbank Of Russia 5.46% -64.41%

The Bottom Line

This fund is a great fund to watch while the situation in Russia intensifies. It is a good example of how collapsing stock prices can impact a mutual fund.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Read Next

Advertisement

×

Wait! Do you know all the important aspects of mutual funds?

×

Free Advisor Access newsletter emailed to you.

Receive free and exclusive email updates for financial advisors about best performers, news, CE accredited webcasts and more.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Disclaimer: By registering, you agree to share your data with MutualFunds.com and opt-in to receiving occasional communications about projects and events. The contents of this form are subject to the MutualFunds.com Privacy Policy. You can unsubscribe at any time.