IndexIQ has just introduced a new exchange-traded fund focused on mid-sized stocks in Japan called the IQ Japan Mid Cap ETF (NYSE: RSUN).

“Japan has seen more than its share of tragedy this year, yet the country is remarkably resilient with a strong global economic base supported domestically by many leading small- and mid-cap companies,” said Adam Patti, CEO of IndexIQ. “To date, there has been no way for individuals in the U.S. to get focused exposure to the potential of these mid-sized companies. RSUN allows investors to isolate and access this sector of the Japanese economy in a low cost, highly liquid, tax efficient way.”

RSUN owns Japan’s mid-cap stock sector, where many of the country’s most successful companies can be found, including the industrial (23.16%), financial (17.96%) and technology (17.69%) sectors.

The fund is linked to the performance of the IQ Japan Mid Cap Index, which is float-adjusted market cap-weighted.

RSUN’s annual expenses are 0.69%.

IndexIQ also offers a suite of other small-cap international ETFs such as the IQ South Korea Small Cap ETF (NYSE: SKOR), IQ Taiwan Small Cap ETF (NYSE: TWON) and the IQ Australia Small Cap ETF (NYSE: KROO).

Other ETF Launches

The Global X Farming ETF (NYSE: BARN) debuted last week and covers stocks within the global farming sector. The fund’s main focus is on companies involved in agricultural products, livestock operations, and the manufacturing of farming equipment.

BARN tracks the Solactive Global Farming Index and as of May 23, 2011, the three largest components of the index were Vitierra Inc., Kubota Corp. (NYSE:KUB) and Wilmar International Ltd. (PINK:WLMIY)

BARN’s annual expense ratio is 0.68%.