IndexIQ is looking at launching 13 additional small-cap-focused exchange-traded funds that invest in specific countries as well as in equities-linked commodities segments.

They are:

• IQ International Australia Small Cap ETF
• IQ International Canada Small Cap ETF
• IQ International Hong Kong Small Cap ETF
• IQ International Indonesia Small Cap ETF
• IQ International Malaysia Small Cap ETF
• IQ International Singapore Small Cap ETF
• IQ International South Korea Small Cap ETF
• IQ International Taiwan Small Cap ETF
• IQ International Thailand Small Cap ETF
• IQ Global Natural Gas Small Cap Equity ETF
• IQ Global Crude Oil Small Cap Equity ETF
• IQ Global Gold Small Cap Equity ETF
• IQ Global Agribusiness Small Cap Equity ETF

Each fund will track an underlying index of the same name, and though they will strive for a fully replicating strategy, the funds might at times hold a representative sample of the equities comprised in the indexes in order to replicate their performances. The indexes are created in-house by IndexIQ's parent company Financial Development Holdco LLC.

IndexIQ Advisors is the adviser for the funds.

Country-Specific ETFs:

Each fund will invest in equities or depositary receipts of companies headquartered or primarily listed in that given country that have a market capitalization of anywhere between $150 million and $4 billion. The portfolios are rebalanced quarterly.

Among the risks associated with these vehicles, by design, the funds could see significant volatility tied to small-cap names, as compared with larger companies, as well as currency fluctuation risks.

The new offerings would add small-cap exposure to a space filled by a host of primarily large-cap-focused iShares country ETFs—each of the proposed small-cap country ETFs has a matching iShares country fund tracking an MSCI index.

Commodities ETFs:

All four equities-linked commodities ETFs will also track indexes by the same name as the ETFs themselves and comprise companies that have a market capitalization of $150 million to $4 billion.

IQ Global Natural Gas Small Cap Equity ETF and IQ Global Crude Oil Small Cap Equity ETF will give investors exposure to global small-cap companies linked to exploration and production of natural gas and crude oil, respectively.

Similarly, the IQ Gold Small Cap Equity ETF will track small-cap companies that are engaged in gold mining. It will go head-to-head with Van Eck's newcomer, the Market Vectors Junior Gold Miners ETF (NYSEArca: GDXJ), which was the first to offer small-cap exposure to gold mining companies.

The IQ Global Agribusiness Small Cap Equity ETF invests in companies that are directly linked to all facets of the agriculture sector, such as crop production and farming, livestock operations and food products machinery.

The agribusiness ETF will enter a space of equities-linked offerings that carry a heavy focus on large-cap names, such as the Market Vectors Agribusiness ETF (NYSEArca: MOO) and the newly launched Thomson Reuters/Jefferies CRB Global Agriculture Equity Index Fund (NYSEArca: CRBA).

You can read IndexIQ's filing with the SEC here.