Direxion Plans Slew Of India ETFs

Direxion, best known as a provider of inverse and leveraged ETFs, has taken the first step towards launching a suite of nine funds dedicated to one of the world’s most promising emerging markets. In a recent SEC filing the company detailed nine different “IndiaShares” ETFs, including sector-specific funds and what would be the first India-specific fixed income ETF. The proposed funds include: IndiaShares Fixed Income Shares IndiaShares Mid & Small Cap Shares IndiaShares Consumer Shares IndiaShares Energy & Utility Shares IndiaShares Financial Shares IndiaShares Industrial Shares IndiaShares Infrastructure Shares IndiaShares Materials Shares IndiaShares Technology & Telecommunication Shares The fixed income ETF would seek to replicate the Indus India Fixed-Income Index, a “hybrid index” that includes 25 securities which are (a) sovereign debt issued by the government of India and (b) highly-rated corporate debt of Indian companies, including debt issued by public sector undertakings in which the government of India has [...] Click here to read the original article on ETFdb.com. Related Posts: India ETFs: Five Ways To Play India ETFs In Freefall As Inflation Concerns Rise BRIC ETF Investing: Small Cap Edition Van Eck Launches Small Cap Germany ETF (GERJ) Emerging Global Plans Sector-Specific India ETFs