IndexIQ Launches Japanese Equities ETF

IndexIQ has launched the IQ Japan Mid-Cap exchange-traded fund (ETF), which is dedicated to providing access to Japan’s mid-cap stock sector. 

The ETF (ticker: RSUN) is intended to provide pure-play exposure to the Japanese mid-cap sector, either as a stand-alone vehicle or in combination with small- and large-cap Japanese ETF offerings, to create a broad-based portfolio.

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.   

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“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. “RSUN allows investors to isolate and access this sector of the Japanese economy in a low cost, highly liquid, tax-efficient way.”   

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