iShares continued to debut new products at an impressive pace on Friday with the introduction of another India ETF. The new MSCI India ETF (INDA) will list on the BATS, joining several other iShares funds on the third-largest U.S. exchange. Last month iShares became the first ETF issuer to list on the BATS, spurning the NYSE and NASDAQ for a newcomer that has been aggressively competing for new listings with dramatically lower fees [see also The Ten Commandments of Commodity Investing]. The new ETF is linked to an index that consists of about 72 Indian stocks, many of which are large caps. INDA makes its largest allocations to the financials (25%), technology (19%), and energy (12%) sectors. Underweight from a sector perspective are telecom (3%), utilities (5%) and health care (5%). The biggest individual weights are afforded to Infosys (11%) and Reliance Industries (9%) [see the INDA fact sheet]. India [...] Click here to read the original article on ETFdb.com. Related Posts: India ETFs: Five Ways To Play Evaluating India ETFs: Three Important Factors To Consider Can India ETFs Beat Inflation Epidemic? India ETFs: Warning Signs In GDP Report? Five Ultra Popular ETNs
iShares continued to debut new products at an impressive pace on Friday with the introduction of another India ETF. The new MSCI India ETF (INDA) will list on the BATS, joining several other iShares funds on the third-largest U.S. exchange. Last month iShares became the first ETF issuer to list on the BATS, spurning the NYSE and NASDAQ for a newcomer that has been aggressively competing for new listings with dramatically lower fees [see also The Ten Commandments of Commodity Investing]. The new ETF is linked to an index that consists of about 72 Indian stocks, many of which are large caps. INDA makes its largest allocations to the financials (25%), technology (19%), and energy (12%) sectors. Underweight from a sector perspective are telecom (3%), utilities (5%) and health care (5%). The biggest individual weights are afforded to Infosys (11%) and Reliance Industries (9%) [see the INDA fact sheet]. India [...]
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