| Market Vectors Russia ETF is an open-end management investment company. The Fund seeks to replicate as closely as possible the price and yield performance of the DAXglobal Russia+ Index (DXRPUS). DXRPUS is a modified market capitalization-weighted index consisting of publicly traded companies that are domiciled in Russia. Companies eligible for inclusion in DXRPUS should be domiciled in Russia, traded in Russia and/or on global exchanges with market cap exceeding $150 million, and should have daily average traded volume of at least $1 million over past six months. As of Dec 31 2013, the Fund's total assets were $1,237,638,056 and its investment portfolio was valued at $1,190,292,881. We show 231 historical shares outstanding datapoints in our RSX shares outstanding history coverage, used to compute RSX market cap on those dates.|
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing RSX market cap history over the course of time is important for investors
interested in comparing RSX's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of RSX versus a peer is one thing; comparing
RSX market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like RSX can fluctuate over the course of history.
With this page we aim to empower investors researching RSX by allowing them to research the RSX market cap history.