Two exchange-traded funds focusing on India, a fast-growing nation debut this month.
February 21, 2008
Emerging from the gate first is WisdomTree India Earnings. Relative stock weightings in this ETF, like others from WisdomTree, will be based on a company's earnings rather than market capitalization. The ETF (symbol EPI) will draw from a universe of 150 profitable Indian companies that WisdomTree will reviewed annually.
Also due out soon is PowerShares India Portfolio (PIN). This ETF, which is scheduled to start trading before March 1, will track an index of 50 stocks developed by Indus Advisors. The index is designed to represent the overall Indian stock market.
http://www.kiplinger.com/columns/fundwatch/archive/2008/fundwatch0221.htm
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