ETF provides access for first time to consumption-focussed Indian stock corporations.…
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An equity index ETF from new issuer QNB Global Funds ICAV has been tradable via Xetra and Börse Frankfurt since Monday.
Name: QNB ZyFin India Consumption UCITS ETF
Asset class: equity index ETF
Ongoing charges: 0.99 percent
Distribution policy: accumulating
Reference index: ZyFin India Consumption Index
The QNB ZyFin India Consumption UCITS ETF enables investors to participate for the first time in the performance of Indian companies that participate either directly or indirectly in the development of consumption-oriented demand in India.
The reference index is denominated in US dollars and comprises 30 companies from the automotive industry, and the health and household, food and beverages as well as service sectors. Selection criteria for admission to the ZyFin India Consumption Index include liquidity and free float, with individual company weighting capped at four percent and sector weighting at 20 percent.