WisdomTree has launched the WisdomTree India Earnings Ucits ETF, adding a fundamentally weighted India strategy to its emerging markets range.
The ETF seeks to track the price and yield performance, before fees and expenses, of the WisdomTree India Earnings Ucits Index and carries a total expense ratio of 0.55%. The fund is listed on Börse Xetra, Borsa Italiana and Six Swiss Exchange and the London Stock Exchange.
The proprietary index tracks a diversified basket of profitable Indian companies using a rules-based approach. Instead of weighting stocks by market capitalisation, it weights them by earnings, tilting the portfolio towards companies with stronger fundamentals and limiting exposure to more highly valued names.
India’s favourable demographics, urbanisation and a growing middle class are boosting demand across sectors including financial services, consumer goods,…
