Trading and transfer of VanEck RSK ETF
Purchase offer
Acceptance document
Disclaimer
The VanEck Associates RSK ETF, is since 2022 in liquidation. The ETF fund used to track the MVRSXTR Index (MVIS Russia Index) that index is no longer available.
Southey Capital is offering to purchase units in the RSX fund to assist holders that are looking to exit the extremely illiquid fund units.
As a result of U.S. sanctions imposed on Russian securities trading and on Russian corporate and banking entities, VanEck announced that the “Russia ETF (Cboe: RSX) will temporarily suspend the creation of new shares until further notice, beginning March 3, 2022”, to date it has remained suspended. Most of the funds positions are marked at 0.
For most prudent holders the suspension of dealing and the large reduction in the fund NAV, will mean that they have considered or already written off all or some of the fund value. There is a chance that there is a reversal in the sanctions environment but our experience in dealing with Cuba, Venezuela and Sudan debts guides us to a much longer time horizon for the sanctions to be wound back.
Links:
https://www.vaneck.com/us/en/blogs/investment-outlook/rsx-rsxj-liquidation-faq/
https://www.vaneck.com/us/en/investments/russia-etf-rsx/
Other Russian sanctioned affected ETFs
Other Fund Units we trade
