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HANetf lists ESG India Internet & Ecommerce ETF in Mexico 


HANetf has announced that INQQ India Internet & Ecommerce ESG-S UCITS ETF (ticker: INQQ) is now trading on Bolsa Mexicana de Valores (BMV) in Mexico.

INQQ was launched in November of last year and provides investors with exposure to India internet and ecommerce companies. The ETF was launched with HANetf’s long-time partners EMQQ Global, who previously launched EMQQ Emerging Markets Internet & Ecommerce UCITS ETF (EMQQ), which currently has over USD120 million assets under management (AUM). INQQ also has a US-listed sister ETF, with USD34.03 million AUM.

The firm writes that India has become one of the fastest growing major economies. Central to this has been middle class growth, allowing swathes of the population to gain internet access and boosting online consumption. The country is believed to be in a digital golden age, and we are early in the process, the firm says.

Holdings in the India Internet ETF are screened to ensure the majority of their revenue comes from internet and ecommerce activities in India. It tracks the INQQ The India Internet & Ecommerce ESG Screened Index.

As well as being ESG-screened, INQQ is classified as Article 8 under the Sustainable Finance Disclosure Regulation (SFDR). 

With this new listing, the total number of HANetf listed products in Mexico has risen to 11. The firm writes that this underscores HANetf’s continued expansion into the Latin American market, providing new and exciting themes for investors in Mexico.

The UCITS wrapper is increasingly favoured by Latin American investors due to recognition of its robust regulation and governance structure, the firm says, adding that demand is also thought to be increasing for UCITS products in Latin America due to the preferential tax treatment of UCITS compared to alternative wrappers.

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