Van Eck Global [profile] has launched a second Indonesia-focused ETF within its Market Vectors family.

The New York-based firm on Wednesday took the wraps off the Market Vectors Indonesia Small Cap ETF. [summary prospectus] The new offering, which comes with an expense ratio of 61 basis points, is the first U.S.-listed ETF to focus on Indonesia's small-cap stocks, say company officials.

The other Indonesia ETF in the Market Vectors lineup is the Market Vectors Indonesia Index ETF.

Investors' Business Daily, IndexUniverse and ETF Trends were among the media outlets that covered the news. 

Edited by: Armie Margaret Lee


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