New York-based Emerging Global Advisors has introduced the EGShares Emerging Markets High Income/Low Beta ETF (HILO) and the EGShares India Consumer ETF (INCO).
INCO tracks the Indxx India Consumer Index, a free float market capitalization-weighted index that focuses on the performance of consumer companies in India.
According to the press release, INCO is the first of several India-focused sector funds that Emerging Global Advisors plans to launch this year.
“INCO is designed for investors who believe that India will experience significant consumer spending growth and want access to consumer companies that may be well-positioned to benefit from that growth,” said Robert C. Holderith, EGA’s founder and president.