The German ETF seeks to replicate the performance of the Market Vectors Germany Small-Cap Index (MVGERJTR).
Market Vectors indexes are designed to reflect the fundamental dynamics of investing in local market economies.
The asset manager said that the Market Vectors Germany Small-Cap Index was comprised of 95 companies with an average market capitalization of $1.2bn, as of 8 March 2011.
Van Eck Global principal Jan van Eck said that the German economy has rebounded quite strongly from the global economic downturn and appears well positioned to continue to expand.
"With its history of innovation and niche market strengths, the country’s small-cap sector may continue to benefit from strong export-driven demand as well as domestic consumption. Our new ETF gives investors a focused vehicle for gaining exposure to this vibrant segment of the German economy," Van Eck said.
