Market Vectors, the exchange-traded product arm of Van Eck Global, is tapping into the resilience of Indonesia’s economy by launching a fund focusing on the country’s small cap equity sector.
The fund, Market Vectors Indonesia Small-Cap ETF, is traded on the NYSE Arca, with a ticker symbol of IDXJ, and aims to follow the Market Vectors Indonesia Small-Cap Index, which tracks the performance of the Indonesian small-cap sector. Although most of the constituents are companies domiciled and primarily listed in Indonesia, the index also includes offshore companies that generate at least 50% of their revenues in Indonesia.
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