IndexIQ launches Hong Kong small cap ETF

The issuer said its fund is the first of its kind to provide dedicated access to the small-cap sector of Hong Kong's equity market, which it claimed is an important component of the region's recent economic growth. Seen as a providing strategic access to neighbouring China, Hong Kong has benefited from having a relatively liberal free market culture and is ranked second in the World Bank's ease of doing business index. IndexIQ CEO Adam Patti said: "Hong Kong's pro-business climate has made it one of the world's true business hubs, the gateway to China, and a source for innovation in...