Bringing you live news and features since 2006 

IndexIQ Adam Patti

IndexIQ launches first ETF focused on mid-cap Japanese equities

RELATED TOPICS​

IndexIQ, a provider of index-based commodity, international, and liquid alternative investment solutions, has launched the IQ Japan Mid Cap ETF (Ticker: RSUN) on the NYSE Arca platform.

RSUN is the first Exchange-Traded Fund (ETF) dedicated to providing access to Japan’s mid-cap stock sector, where many of the country’s most successful companies can be found, including the Industrial, Financial and Technology sectors. Those sectors made up 23.16 per cent, 17.69 per cent, and 9.08 per cent, respectively, of the fund’s underlying index as of May 16, 2011.

RSUN seeks to replicate, before fees and expenses, the performance of the IQ Japan Mid Cap Index (IQMDJPN), a float-adjusted market cap-weighted index that is intended to track the overall performance of the mid-cap sector of publicly traded companies domiciled and primarily listed on an exchange in Japan. As in the US, the Japanese mid-cap sector is comprised in part of companies that combine the attractive growth characteristics of small cap companies with the size and financial stability of larger cap companies. RSUN is intended to provide pure-play exposure to this sector either as a standalone vehicle or in combination with small- and large-cap Japanese ETF offerings to create a broad-based portfolio.

“Japan has seen more than its share of tragedy this year, yet the country is remarkably resilient with a strong global economic base supported domestically by many leading small- and mid-cap companies,” says Adam Patti, CEO of IndexIQ. “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. RSUN allows investors to isolate and access this sector of the Japanese economy in a low cost, highly liquid, tax efficient way.”

Latest News

European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by