As of February 29, 2012, the leading sectors in the Index were Financials (39 percent), Industrials (18 percent), Energy (17 percent), and Consumer Staples (15 percent). To be included in the Index, companies must have a market capitalization in excess of $150 million, three-month average daily trading volume of at least $1 million, and a minimum trading volume of 250,000 shares each month over the last six months. The average market capitalization of the Index at launch was $688 million.
Market Vectors notes that investing in the securities of Indonesian issuers involves risks not typically associated with investments in the securities of issuers in more developed countries, including expropriation, foreign ownership restrictions and government intervention in international trade, confiscatory taxation, and political instability, among others.
IDXJ joins the Market Vectors family of ETFs that, in addition to IDX, includes small- and all-cap emerging markets exchange traded funds such as India Small-Cap Index (SCIF); Germany Small-Cap ETF (GERJ); Russia ETF (RSX); Poland ETF (PLND); Russia Small-Cap ETF (RSXJ); Vietnam ETF (VNM); and Brazil Small-Cap ETF (BRF), among others.
IDXJ, Market Vectors 45 th ETF, has a gross expense ratio of 0.70 percent and a net expense ratio of 0.61 percent, which is capped until at least May 1, 2013. During such time, the expense limitation is expected to continue until the Fund’s Board of Trustees acts to discontinue all or a portion of such expense limitation.About Market Vectors ETFs Market Vectors exchange-traded products have been offered since 2006 and span many asset classes, including equities, fixed income (municipal and international bonds) and currency markets. The Market Vectors family currently totals $23.7 billion in assets under management, making it the fifth largest ETP family in the U.S. and eighth largest worldwide as of December 31, 2011. Market Vectors ETFs are distributed by Van Eck Global. Founded in 1955, Van Eck Global was among the first U.S. money managers helping investors achieve greater diversification through global investing. Today, the firm continues this tradition by offering innovative, actively managed investment choices in hard assets, emerging markets, precious metals including gold, and other alternative asset classes. Van Eck Global has offices around the world and manages approximately $33.1 billion in investor assets as of December 31, 2011.