IndexIQ, the Rye Brook, N.Y., developer of index-based commodity and liquid alternative investment products, this week unveiled a new exchange-traded fund designed for investors looking for even more exposure to emerging markets.

Its Emerging Markets Mid Cap ETF (NYSE Arca: EMER) launched Wednesday, giving investors frustrated by the sluggish economic growth in the U.S., Europe and much of Asia an opportunity to cash in on midsized firms in faster-growing economies in small countries around the world.

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