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EGShares launches India infrastructure ETF

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EGShares, an emerging markets sector exchange-traded fund provider, has launched the EGShares India Infrastructure ETF, the first ETF that offers investors exclusive access to Indian companies positioned to benefit from infrastructure development in India.

The Emerging Global Shares Indxx India Infrastructure Index Fund invests in 30 of the largest locally traded Indian companies dedicated to the infrastructure industry.

“We are very excited about launching the world’s first India Infrastructure ETF,” says Robert Holderith, president and chief executive of EGShares. “In our estimation, until today, India exposure through ETFs has been very limited and the offerings have been very similar. INXX can provide meaningfully different underlying holdings and industries from the handful of other India ETFs.”

The Indxx India Infrastructure Index is a 30 stock index with a mean free float market capitalization of USD11.19bn.

The fund charges a net expense ratio of 0.85 per cent (gross expense ratio: 1.58 per cent).

The top five industry weights of the index, as of 30 June, were electricity (23.26 per cent), construction and materials (16.86 per cent), industrial metals and mining (13.71 per cent), industrial engineering (12.03 per cent), and mobile telecom (10.09 per cent), followed by industrial transportation, oil and gas producers, real estate investment and services, electronic and electrical equipment, and alternative energy.

The EGShares India Infrastructure ETF is the eighth ETF to be introduced by EGShares. Other ETFs include the EGShares India Small Cap ETF, EGShares Brazil Infrastructure ETF, EGShares China Infrastructure ETF, EGShares Emerging Markets Metals/Mining ETF, EGShares Emerging Markets Energy ETF, EGShares Emerging Markets Financials ETF and the EGShares Emerging Markets Composite ETF.

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