BlackRock added to its menu of emerging market funds by unveiling a new ETF linked to Russian stocks. The iShares MSCI Russia Capped Index Fund (ERUS) tracks a basket of 28 stocks with most of its industry sector exposure to energy (50.7 percent), materials (18.4 percent) and financials (14.5 percent).

“The new iShares MSCI Russia Capped Index Fund offers greater precision and access to the 12th largest economy in the world,” said Noel Archard, head of U.S. products at iShares, BlackRock. “The new iShares fund further enhances our large single country iShares ETF lineup to respond to requests from financial advisors and investors for greater precision in implementing their international-focused investment strategies and interest in getting deeper access to emerging market stocks to help diversify portfolios.”

ERUS follows the MSCI Russia 25/50 Index, which is a free-float adjusted market capitalization weighted index designed to measure the performance of equity securities listed on stock exchanges in Russia. The index is a customized variation of the MSCI Russia Index, designed to cap certain weightings to take into account the investment diversification requirement applicable to U.S. regulated investment companies. ERUS has annual expenses of 0.65 percent.

As of end-September, Blackrock’s assets under management totaled $3.446 trillion. Among the firm’s products are 19 ETFs focused on emerging markets.