EGA Introduces First Ever U.S.-Traded Small Cap India ETF
Michael Johnston submits:Once upon a time, almost all ETFs offering exposure to international equity markets consisted of the largest and most liquid stocks traded in a specific country or region. Because financial institutions and oil companies tend to be the largest companies by market capitalization, most international ETFs maintain heavy tilts towards these sectors. But the last few years have seen the introduction to a number of ETFs offering an alternative to mega cap-heavy exposure, as funds focusing on small cap stocks have hit the market. Brazil (BRF), Canada (CNDA), Japan (JSC) (SCJ), South Korea (SKOR), and Taiwan (TWON) are just a few of the markets covered by various small cap ETFs. Now we can add India to that list. New York-based Emerging Global Advisors, the firm perhaps best known for its sector-specific emerging markets ETFs, announced today the launch of the INDXX India Small Cap ETF (SCIN). SCIN becomes the fourth ETF offering pure play exposure to the Indian equity market, but is the first to focus exclusively on the country’s small cap equities. Robert Holderith, President and CEO of EGShares, said in a press release:Complete Story »
- Original article
- Login or register to post comments
