IndexIQ releases South Korea small cap ETF

The IQ South Korea Small Cap ETF replicates the respective index, which comprises small capitalised, publicly traded companies that are domiciled and primarily listed on an exchange in South Korea. The issuer says the fund is designed to provide extra alpha exposure, as a satellite holding built around a core equity portfolio. IndexIQ chief executive officer Adam Patti says investors targeting South Korea have typically been required to invest in funds that have broad exposure to large cap and global companies in this country. However, he says the South Korean economy has its own d...