Van Eck, the firm that rolled out the first Indonesia ETF a little more than three years ago, introduced a complementary ETF today that will target small cap stocks in the emerging Asian economy. The Market Vectors Indonesia Small-Cap ETF (IDXJ) began trading on the NYSE Arca on Wednesday, becoming the first ETF to offer targeted exposure to small cap Indonesian stocks. The new ETF will seek to replicate the Market Vectors Indonesia Small-Cap Index, a benchmark that includes small cap companies that are domiciled in Indonesia or that generate the majority of their revenues in Indonesia. At the end of February, the underlying index consisted of about 27 constituents with an average market cap just below $700 million. Under The Hood The small cap Indonesia ETF will be relatively balanced; the largest individual allocations make up about 8% of assets, and the top 10 account for about 55%. The index [...] Click here to read the original article on ETFdb.com. Related Posts: Tax Efficiency Report Card Six Noteworthy ETF Innovations ETF Misnomers: Why You Never Judge A Fund By Its Cover BRIC ETF Investing: Small Cap Edition iShares Rolls Out Three New International ETFs
Van Eck, the firm that rolled out the first Indonesia ETF a little more than three years ago, introduced a complementary ETF today that will target small cap stocks in the emerging Asian economy. The Market Vectors Indonesia Small-Cap ETF (IDXJ) began trading on the NYSE Arca on Wednesday, becoming the first ETF to offer targeted exposure to small cap Indonesian stocks. The new ETF will seek to replicate the Market Vectors Indonesia Small-Cap Index, a benchmark that includes small cap companies that are domiciled in Indonesia or that generate the majority of their revenues in Indonesia. At the end of February, the underlying index consisted of about 27 constituents with an average market cap just below $700 million. Under The Hood The small cap Indonesia ETF will be relatively balanced; the largest individual allocations make up about 8% of assets, and the top 10 account for about 55%. The index [...]
Click here to read the original article on ETFdb.com.
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