More Details On New Poland ETF (PLND)
The ETF Professor mentioned last weekend that Van Eck is creating a new Poland-specific ETF that will begin trading later this month under the ticker "PLND." At the time, details were scarce, but the Professor has an update for you.
Obviously, PLND will be similar to Van Eck's other country-specific ETFs that trade under the Market Vectors name, such as the Brazil Small Cap ETF (NYSE: BRF), the Russia ETF (NYSE: RSX) and the Indonesia ETF (NYSE: IDX).
Financials, energy and industrials will combine for 65% of PLND's holdings. Components will have a market cap of at least $150 million and a three-month average daily trading volume of at least $1 million to be eligible for the ETFs underlying Poland Index, according to press reports.
The focus will be on small and mid-cap names. With energy making up 40% of the ETF, PLND will be somewhat sector-specific as well. Still, the Professor likes the idea of a Poland ETF because this is one of the better economies in emerging Europe.
