EGShares Launches Industry’s First India
Infrastructure Exchange-Traded Fund
August 11, 2010 09:41 AM Eastern Daylight Time
NEW YORK--(EON: Enhanced Online News)--EGShares, the first dedicated emerging markets sector ETF
provider, today launched the EGShares India Infrastructure ETF (NYSE: INXX), the first ETF that offers investors
exclusive access to Indian companies positioned to benefit from infrastructure development in India. The Emerging
Global Shares Indxx India Infrastructure Index Fund invests in 30 of the largest locally traded Indian companies
dedicated to the infrastructure industry.
“We are very excited about launching the world’s first India Infrastructure ETF,” said Robert Holderith, President
and CEO of EGShares. “In our estimation, until today, India exposure through ETFs has been very limited and the
offerings have been very similar. INXX can provide meaningfully different underlying holdings and industries from the
handful of other India ETFs.”
The Indxx India Infrastructure Index is a 30 stock index with a mean free float market capitalization of $11.19
billion. INXX charges a net expense ratio of 0.85% (gross expense ratio: 1.58%). The top five industry weights of
the Index, as of 6/30/10, were Electricity (23.26%), Construction & Materials (16.86%), Industrial Metals &
Mining (13.71%), Industrial Engineering (12.03%), and Mobile Telecom (10.09%), followed by Industrial
Transportation, Oil & Gas Producers, Real Estate Investment & Services, Electronic & Electrical Equipment, and
Alternative Energy.
According to Richard Kang, CIO and Director of Research at EGShares, “investors are searching for returns at this
time of great economic uncertainty. We believe that in developed markets, not only are return expectations low, but
yields on bonds and dividends are low and correlations between various return sources remain high. We remain
convinced that the fundamental factors underlying the global shift in favor of this new world are related to
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