iShares launches ETF on Indian stock corporations
iShares MSCI lndia UCITS ETF has been launched on Xetra and Börse Frankfurt and is designed to enable investors to participate in the performance of high and mid-cap Indian stock corporations.
The MSCI Emerging Markets India Net TR (USD) Index comprises equities from Indian companies that meet certain MSCI size, liquidity and free-float criteria. The reference index currently comprises 79 companies and thus covers around 85 per cent of the Indian equity universe.
Annual ongoing charges on the ETF are 0.65 per cent and the distribution policy is distributing.