About INDA ETF
Overview:
The iShares by BlackRock India ETF (INDA) covers 85% of the Indian market cap, has a large footprint in local markets and is managed by BlackRock that has a total AUM of $6.28T.
INDA is an exchange-traded fund incorporated in the USA in Feb 2012. INDA offers a solid representative basket of stocks with low all-in costs and solid liquidity in context. It covers 85% of the Indian market-cap, from small caps to large caps.
About the Fund Manager:
Founded in 1988, Blackrock is the largest asset manager in the world managing $6.28T. BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries. Due to its power and the sheer size and scope of its financial assets and activities, BlackRock has been called the world's largest shadow bank.
Investment Strategy:
The ETF seeks to track the investment results of an index composed of a broad range of companies in India.
Sector:
INDA has invested in Financials (22%), Energy (14%), Technology (13%) Consumer Cyclical (11%), and Consumer Non-Cyclical (10%).
Geography:
INDA has invested in India (88%), United States (5%), United Kingdom (4%), Japan (3%), and Germany (1%).
Recommended for:
Growth
It delivers an excellent approximation of the total market. The ETF???s volume is low, but like most peers, the fund has a large footprint in local markets.
According to ETFdb.com, "Considerable India exposure is a part of many broad-based emerging markets ETFs, but those looking to overweight this economy may find INDA to be a useful tool."
Additional Information:
1.
Fund Factsheet
2.
iShares MSCI India ETF: Investing In The 'Big Picture'
How did we identify this ETF:
A complete pool of 2100+ ETFs are screened on various qualitative and quantitative parameters to evaluate efficiency, tradability and fit. The metrics used were alpha, beta and R - squared with respect to the segment benchmark and ETF specific metrics such as expense ratio, drawdown, volatility and the overall rating. We evaluate all ETFs and assign a composite score based on our analysis and then select the top ones in a category based on that comprehensive score by the inhouse research / quant analysts team. Launched in early 2012, INDA has since attracted a huge asset base, and does a great job tracking its index, often costing less to hold than its headline fee indicates. The strategy is rebalanced on a quarterly basis with the rebalancing mechanism being determined by an algorithm that takes into account the overall performance of the strategy so far.
