WisdomTree launches smart-beta India ETF

Focus on quality stocks

WisdomTree has launched a smart-beta India ETF, the WisdomTree India Quality UCITS ETF, listed on the London Stock Exchange.

The ETF will offer exposure to Indian quality stocks which have above average return on assets (ROA) and return of equity (ROE). Tracking the WisdomTree India Quality index, the ETF will select the top 33% of stocks which have the highest scores on ROA and ROE. The firm pointed to the favourable fundamentals in India as another factor for launching the ETF with the International Monetary Fund (IMF) stimating India will be the fastest growing economy over the next five years along with stable politics and favourable demographics. Nizam Hamid, ETF strategist at WisdomTree, said: "We ...