India Infrastructure ETF Hits the Market
Wednesday, August 11th, 2010Michael Johnston submits:
EGShares, the New York-based firm behind the first sector-specific emerging markets ETFs, announced today the latest addition to its product line, rolling out the India Infrastructure ETF (INXX). The new fund will seek to replicate the performance of the Indxx India Infrastructure Index, a benchmark consisting of 30 companies representative of the country’s infrastructure industry.
INXX becomes the sixth ETF offering pure play exposure to Indian equity markets, joining four large cap funds and the Small Cap India ETF (SCIN) that EGShares introduced last month. INXX is the first sector-specific India fund, positioning it to potentially benefit from future infrastructure developments in India [use the new Country Lookup Tool to identify all ETFs with exposure to any economy in the world].
