By Carl Delfeld of the Chartwell ETF Advisor
The WisdomTree family of exchange-traded funds will launch the WisdomTree India Earnings ETF under ticker symbol EPI on Friday, February 22nd.
(EPI) will be the industry’s first India ETF with direct investment into local Indian securities and will select from a broad universe of approximately 150 profitable companies included in the WisdomTree India Earnings Index on the annual index screening date. EPI will have an annual fee of 0.88%.
In an earlier press release, WisdomTree explained how EPI will overcome many of the hurdles that so far have prevented an India ETF from coming to market.
The top holdings in the ETF will be Reliance Industries at 13%, ONGC at 6.5%, Infosys Technologies at 5.2%, Bharti Airtel at 3.7% and ICICI Bank at 2.7%. The top three sectors in the ETF basket will be energy, materials and financials.
Should you switch from your current India closed-ended fund or ETN to the new India ETF (EPI)? Go to Chartwell ETF and find out.
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