ETF Trends
ETF Trends

If you want to make more bets on Asia, then Index IQ‘s filing for new exchange traded funds (ETFs) might grab your attention.

The filings from Index IQ target small-cap, single-country funds tracking Hong Kong, Singapore, Indonesia, Thailand, Malaysia and the Philippines.

Shannon Bond for The Financial Times reports that the strategy is to tap into China’s economic growth by investing in some of its top trading partners, who provide the goods and services driving that growth, CEO Adam Patti said.

Index IQ is not stopping there, though:

  • They’ve also filed for an IQ Mexico Small-Cap ETF, which will track the IQ Mexico Small-Cap Index. Index IQ did not disclose a ticker for the fund in an SEC filing. To be included in the index, stocks must be domiciled in Mexico, have a minimum market value of $150 million for previous 90 days, have a minimum average daily trading volume of at least $1 million for the prior 90 days and a minimum monthly volume of 250,000 shares each month over the prior six months.
  • Among developed nations, Index IQ is looking at new funds tracking Canada and Japan. The ETF Professor for Benzinga reports that the new ETFs are the IQ Canada Mid Cap ETF which will track the IQ Canada Mid Cap Index while the IQ Japan Mid Cap ETF will track the IQ Japan Mid Cap Index. A SEC filing by IndexIQ did not disclose tickers for the new ETFs.

Index IQ isn’t the only provider preparing to unleash new funds on the market: The ETF Professor for Benzinga reports that Van Eck, the sixth-largest U.S. ETF issuer, announced plans to introduce the Market Vectors Colombia ETF. The Market Vectors Colombia ETF will track a cap-weighted index maintained by Structured Solutions AG, which contains 29 companies with market values ranging between $150 million and $84 billion with an average market cap of $6.6 billion.

Tisha Guerrero contributed to this article.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.