IndexIQ Launches Small Cap South Korea ETF
Wednesday, April 14th, 2010Michael Johnston submits:
IndexIQ continues to expand its suite of small cap international equity ETFs, announcing on Wednesday the launch of the IQ South Korea Small Cap ETF (SKOR). SKOR will seek to replicate the performance of the IQ South Korea Small Cap Index, a benchmark that includes about 100 small cap Korean stocks. The weighted average market cap of the underlying index is about $470 million, a fraction of the size of most Korean equities included in U.S.-listed ETFs.
The Case For Small Caps
International equity ETFs cover nearly every corner of the globe, but gain exposure to non-U.S. markets primarily by replicating indexes composed of the largest and most liquid stocks listed in a particular country. As a result, many international equity ETFs are dominated by mega-cap equities that often generate significant portions of revenue and earnings from overseas markets.
