IndexIQ Launches Mid-Cap Japanese Equities ETF

June 2, 2011(PLANSPONSOR.com) - IndexIQ has launched the IQ Japan Mid-Cap ETF (Ticker: RSUN), which is dedicated to providing access to Japan’s mid-cap stock sector.  

RSUN is intended to provide pure-play exposure to the Japanese mid-cap sector either as a standalone vehicle or in combination with small- and large-cap Japanese ETF offerings to create a broad-based portfolio, according to a press release.  

As in the U.S., the Japanese mid-cap sector includes companies that combine the possibilities for growth characteristic of small cap companies with the size and financial stability of larger cap companies. The announcement said RSUN seeks to replicate, before fees and expenses, the performance of the IQ Japan Mid Cap Index, a float-adjusted market cap-weighted index that aims to track the overall performance of the mid-cap sector of publicly traded companies domiciled and primarily listed on an exchange in Japan.  

“To date, there has been no way for individuals in the U.S. to get focused exposure to the potential of these mid-sized companies,” said Adam Patti, CEO of IndexIQ, in the announcement. “RSUN allows investors to isolate and access this sector of the Japanese economy in a low cost, highly liquid, tax-efficient way.”  

  

-Sara Kelly 

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