IndexIQ Launches the First Exchange-Traded Fund Focused on Mid-Cap Japanese Equities (RSUN)

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June 2, 2011 10:41am NYSE:RSUN

IndexIQ, a leader in developing index-based commodity, international, and liquid alternative investment solutions, is set to launch the IQ Japan Mid Cap ETF (NYSE:RSUN) on the NYSE Arca platform this morning, it was announced


RSUN is the first Exchange-Traded Fund (ETF) dedicated to providing access to Japan’s mid-cap stock sector, where many of the country’s most successful companies can be found, including the Industrial, Financial and Technology sectors. Those sectors made up 23.16 percent, 17.69 percent, and 9.08 percent, respectively, of the fund’s underlying index as of May 16, 2011.RSUN seeks to replicate, before fees and expenses, the performance of the IQ Japan Mid Cap Index (IQMDJPN), a float-adjusted market cap-weighted index that is intended to track the overall performance of the mid-cap sector of publicly traded companies domiciled and primarily listed on an exchange in Japan. As in the U.S., the Japanese mid-cap sector is comprised in part of companies that combine the attractive growth characteristics of small cap companies with the size and financial stability of larger cap companies. RSUN is intended to provide pure-play exposure to this sector either as a standalone vehicle or in combination with small- and large-cap Japanese ETF offerings to create a broad-based portfolio.“Japan has seen more than its share of tragedy this year, yet the country is remarkably resilient with a strong global economic base supported domestically by many leading small- and mid-cap companies,” said Adam Patti, CEO of IndexIQ. “To date, there has been no way for individuals in the U.S. to get focused exposure to the potential of these mid-sized companies. RSUN allows investors to isolate and access this sector of the Japanese economy in a low cost, highly liquid, tax efficient way.”RSUN joins IndexIQ’s suite of International ETFs, and is the first mid-cap fund in what had previously been a stable of small-cap offerings, including:

  • IQ South Korea Small Cap ETF (NYSE:SKOR), the first South Korea small cap ETF;
  • IQ Taiwan Small Cap ETF (NYSE:TWON), the first Taiwan small cap ETF;
  • IQ Australia Small Cap ETF (NYSE:KROO), the first Australia small cap ETF;
  • IQ Canada Small Cap ETF (NYSE:CNDA), the first Canada small cap ETF; and
  • IQ Hong Kong Small Cap ETF (NYSE:HKK), the first Hong Kong small cap ETF.

IndexIQ also has a robust family of commodities and global resources-focused ETFs, including:

  • IQ Global Resources ETF (NYSE:GRES), the first Global Natural Resources ETF;
  • IQ Global Agribusiness Small Cap ETF (NYSE:CROP), the first global agribusiness small cap ETF; and
  • IQ Global Oil Small Cap ETF (NYSE:IOIL), the first global oil small cap ETF.

The firm is also the sponsor of a number of index-based liquid alternative investment products designed to “democratize” the alternative investment landscape, including

  • IQ Hedge Macro Tracker ETF (NYSE:MCRO), the first Global Macro ETF;
  • IQ Hedge Multi-Strategy Tracker ETF (NYSE:QAI), the first US-listed Hedge Fund Replication ETF;
  • IQ Alpha Hedge Strategy Fund (IQHIX – Institutional Share Class; IQHOX – Investor Share Class), the first open-end, no-load Hedge Fund Replication mutual fund;
  • IQ Merger Arbitrage ETF (NYSE:MNA), the first Merger Arbitrage ETF; and
  • IQ Real Return ETF (NYSE:CPI), the first multi-asset class “Real Return” ETF, which seeks to generate a real return above the rate of inflation as measured by changes in the Consumer Price Index;

IndexIQ products are designed to be liquid, transparent, low cost, and accessible to a broad range of investors.*  About IndexIQBased in Rye Brook, New York, IndexIQ is a leading developer of index-based liquid alternative investment solutions that combine the benefits of traditional index investing with the risk-adjusted return potential sought by the best active managers. The company’s philosophy is to democratize investment management by making innovative alternative investment strategies available to investors in low cost, liquid and transparent products. IndexIQ strategies are marketed through the company’s proprietary investment products and select partnerships with leading global financial institutions. Additional information about the company and its products can be found at*Ordinary brokerage commissions apply. IndexIQ’s ETF holdings are available daily on IndexIQ’s website. ETFs are liquid in that they are exchange-traded.Investors are reminded that all investing involves risk, including possible loss of principal. Consider the Funds’ investment objectives, risks, charges and expenses carefully before investing. A prospectus with this and other information about the Funds may be obtained by visiting or by calling (888) 934-0777. Read the prospectus carefully before investing.As the Fund’s investments are concentrated in Japan, the value of its shares will be affected by factors specific to Japan and may fluctuate more widely than that of a fund which invests in a broad range of countries. Since the Fund invests in foreign markets, it will be subject to risk of loss not typically associated with domestic markets. The Fund invests in the securities of mid capitalization companies, the value of which generally are more volatile than those of larger companies. Both the Fund’s ability to track its Index and Fund returns in general may be adversely impacted by changes in currency exchange rates. The ETF is new and has limited operating history. The fund is not suitable for all investors. Investors in the Fund should be willing to accept a high degree of volatility in the price of the Fund’s Shares and the possibility of significant losses. An investment in the Fund does not represent a complete investment program.The Funds are distributed by ALPS Distributors, Inc. (ALPS), which is not affiliated with IndexIQ. Adam Patti is a registered representative of ALPS.IDX000695.052312  


MacMillan Communications
Chris Sullivan, 212-473-4442
[email protected]

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