Adding to its portfolio of international small cap ETFs, IndexIQ recently launched a Taiwan fund.

The IQ Taiwan Small Cap ETF (TWON) tracks the overall performance of the small capitalization sector of publicly traded companies domiciled and primarily listed on an exchange in Taiwan.

The expense ratio for the ETF is 0.79%.

To be included in the Taiwan small cap index, companies must have a minimum average market capitalization of $150 million for the prior 90-day period; the average maximum capitalization must be equal to the bottom 15 percent ranking of companies in Taiwan.

Other international small-cap funds sponsored by IndexIQ include the IQ Canada Small Cap ETF (CNDA)IQ Australia Small Cap ETF (KROO) and IQ South Korea Small Cap ETF (SKOR).

For more ETF investing choices, see the country ETF directory.