Bringing you live news and features since 2006 

India flag

New EGShares ETF targets India’s leading consumer companies


Emerging Global Advisors (EGA), an asset management company focused exclusively on emerging markets and the sub-advisor to the EGShares family of exchange-traded funds (ETFs), has laucnhed INCO, an ETF targeting a number of India’s leading consumer companies.

INCO, EGA’s fourth emerging markets consumer fund, seeks to replicate the INDXX India Consumer Index, a 30-stock composite of companies in a wide range of industries, including automotive, personal products, media, textiles, apparel, and luxury goods. The fund, which is passively managed, directly owns the stocks in its portfolio and doesn’t use options, swaps, or other derivatives. INCO’s portfolio stocks are listed on India’s National and Bombay stock exchanges, and few can be bought or held directly by US investors.

EGA is committed to developing research-based tools to invest in emerging markets with greater precision than broad indices. The firm has consistently been first to market with ETFs seeking to allow investors to access what EGA believes is the largest single theme in emerging market investing, the rapidly growing ranks of middle class consumers. EGA’s flagship consumer fund is EGShares Emerging Markets Consumer ETF (NYSE Arca: ECON), a multi-country portfolio consisting of some of the leading emerging markets stocks.

“INCO is designed for investors who believe that India will experience significant consumer spending growth and want access to consumer companies that may be well-positioned to benefit from that growth,” says Robert C Holderith, EGA’s founder and president. “We believe that INCO’s portfolio companies all have strong local brands, which could be beneficial as Indian consumers have continuously shown a preference for domestic brands over foreign imports.”

INCO is the first of several India-focused sector funds EGA plans to launch this year. EGA already has an existing fund targeting companies focused on the build-out of India’s infrastructure (NYSE Arca: INXX) and a fund composed of leading India small cap companies (NYSE Arca: SCIN).

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by