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Van Eck Launches Small Cap Germany ETF (GERJ)

By: ETFdb
Van Eck announced the latest addition to its fast-growing ETF lineup today, rolling out a fund that offers exposure to small cap German companies. The Market Vectors Germany Small-Cap ETF (GERJ) will seek to replicate the Market Vectors Germany Small-Cap Index, a benchmark that includes small cap companies listed in Germany or that generate at least 50% of their revenues in Germany. Prior to the launch of GERJ, the only “pure play” Germany ETF available to U.S. investors was the iShares MSCI Germany Index Fund (EWG). That product, which has close to $3 billion in assets, consists of about 50 large cap German companies; the largest allocations go to Siemens, BASF, Allianz, Bayer, and Daimler. The median market cap of the underlying index was more than $11 billion at the end of 2010, and the smallest company in the MSCI Germany Index has a market cap of $2.5 billion. The launch [...] Click here to read the original article on ETFdb.com. Related Posts: IndexIQ Launches Small Cap Taiwan ETF (TWON) Counting Down The Best New ETFs Of 2010 Van Eck Launches Small Cap India ETF (SCIF) IndexIQ Launches Small Cap Australia, Canada ETFs (CNDA, KROO) IndexIQ Files For International Small Cap, Asian Tiger ETFs
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