Poland’s economy was a rarity this year: it managed to sidestep any recession and is forecast to grow this year and next. That makes the new Market Vectors Poland (NYSEArca: PLND) exchange traded fund (ETF) an especially appealing launch.

The new Poland ETF is the first to offer pure-play exposure on Poland’s growing economy.

ETF Professor on Benzinga reports that to be eligible for inclusion in the Market Vectors Poland Index, companies must either be incorporated in Poland and have their primary listing in Poland or generate at least 50% of their revenues in Poland. (Why would Poland be a good place to put your money?)

Each eligible stock must have a full market capitalization of at least $150 million along with a three- day average trading volume of $1 million and their shares must have traded at least 250,000 shares per month over the last six months. No company will hold more than 8% of the fund’s total assets. (More on Eastern Europe).

Top sector weightings include financials, 40.2%; energy, 13.6%; and industrials, 11%. The expense ratio is 0.84%.

The Organization for Economic Cooperation and Development (OECD) increased Poland’s growth outlook to 1.4% this year. In 2010, it’s forecast to grow 2.5% and in 2011, 3.1%, according to The Wall Street Journal.

For more stories about Poland, visit our Poland category.

Tags: Eastern Europe, Emerging Markets, Global ETFs, New ETFs, PLND, Poland