Van Eck releases Poland fund

Van Eck Global has released an ETF providing exposure to Poland on the NYSE Arca platform.

The Market Vectors Poland ETF replicates the performance of a rules-based, capitalisation-weighted index, tracking publicly traded companies.

In order to be eligible for inclusion in the Market Vectors Poland index, the companies must be domiciled and primarily listed on an exchange in Poland, or generate at least 50% of their revenue in the country.

The underlying index has 26 constituents as of October 31, with the top component sectors consisting of financials at 40.3%, energy at 13.6% and industrials at 11%. The index also had a 60% weighting in small and mid-cap stocks, as of the same date.

The issuer says the growth of domestic small and mid-cap companies in Poland has been fostered by the rising consumer economy and strong domestic consumption.

Van Eck Global principal Jan van Eck says: "Poland is the largest and fastest growing economy in Central and Eastern Europe."

He adds the country's economy has recently surpassed Belgium and Sweden and is one of the only economies in the CEE region showing positive growth this year.

The latest ETF offering joins the firm's international equity range, including funds providing exposure to Africa, Brazilian small-cap companies, the Gulf States, Indonesia, Russia and Vietnam.