December 2, 2010 by staff
Russia, Russia has won the right to host the 2018 World Cup, one of the events of the world’s most important sports, which should boost the economy of the nation and price support positive Market Vectors Russia ETF (RSX: 36.10 0.78 2.21%), the SPDR S & P Russia (RBL: 33.6201 0.7501 2.28%) iShares MSCI Russia Capped Index (ERUs: 25.2314 0.7714 3.15%) and the SPDR S & P BRIC 40 (BIK: 27.3752 0.4552 1.69%).
In preparation for the event, Russia would significantly increase infrastructure spending in the coming years. It is expected that the Kremlin will build 13 new stadiums and the renovation of three existing home matches. In addition, the new nation committed to improving and modernizing its airports and other transportation arteries, such as roads, to accommodate increased capacity and utilization.
In itself, these improvements in infrastructure should be significant and the companies that are both directly and indirectly influenced by increased infrastructure spending are likely to enjoy the benefits. As mentioned above, three ETFs influenced by this victory sports include:
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