AKSJF - RSX Is An Emerging Market Outperformer

• S&P far outperformed emerging market funds YTD. RSX stands out as coming closest to rivaling S&P in terms of performance among major emerging markets.
• Geopolitical views seem to have had a negative impact on sentiment in regards to Russia's economic evolution over the past few years.
• The commodities recovery has been a big part of RSX performance, but there has been a failure in recognizing the foundational work that has been done to expand beyond commodities.
• RSX is set to continue to perform well, not only on the back of strong commodities prices but also because of industrials, retail, and innovation.

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