Small-Cap Canada ETF Tops $100M In AUM

IndexIQ's IQ Canada Small Cap ETF

, still less than a year old, has topped the $100 million mark in assets under management, the ETF issuer said in a statement today. CNDA is the first, and currently the only ETF to provide small-cap exposure to the Canadian market. Canada's status as the world's fourth-largest oil exporter and second-largest natural gas exporter have helped CNDA to become popular with investors. IndexIQ says CNDA's sector allocation is more closely tied to Canada's energy and materials base than comparable large-cap funds. Materials and energy names combine for 75% of CNDA's sector weight while energy and industrial materials account for less than 52% of the iShares MSCI Canada Index Fund's

weight. IndexIQ also issues the IQ Australia Small Cap ETF

, the IQ South Korea Small Cap ETF

and the IQ Taiwan Small Cap ETF

.