INCO - New ETF targets India's internet and e-commerce sector

Emerging market investors appear to be receiving a new ETF by Exchange Traded Concept Trust. The new fund will provide exposure to India's internet and e-commerce sector, a first for the ETF market. The India Internet & Ecommerce ETF (INQQ) has been filed with the U.S. Securities and Exchange Commission and intends to offer individuals access to a universe of Indian stocks that are noted as leaders in the internet and e-commerce arena. The passively managed fund plans to track the INQQ India Internet & Ecommerce Index and aims to provide access to stocks involved in the internet services space, as well as internet retail, internet media, online advertising, online travel, online gaming, search engines and social networks space.  According to the prospectus, INQQ intends to trade on the New York Stock Exchange and plans to come forward with a 0.86% expense ratio. Moreover, the index that INQQ tracks intends to

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New ETF targets India's internet and e-commerce sector