WisdomTree Launches India Ex-State-Owned Enterprises Fund
By Ben Hernandez
WisdomTree, an exchange-traded fund (ETF) and exchange-traded product (ETP) sponsor and asset manager, today announced the launch of the WisdomTree India ex-State-Owned Enterprises Fund (IXSE) on the NYSE Arca. IXSE seeks to track the price and yield performance, before fees and expenses, of the WisdomTree India ex-StateOwned Enterprises Index and has an expense ratio of 0.58%.
India is one of the world’s largest and most easily accessible economies, forecasted to grow over 7% for the foreseeable future. Over the last five years, more than one-third of large-cap companies in India increased their book value by over 50% and nearly three-fifths of small-cap firms generated profits. This growth is exceptional even by emerging market standards.
Photo courtesy of Satish Krishnamurthy.