Van Eck releases India small-cap ETF

The fund tracks the Market Vectors India Small-Cap index, comprising 122 stocks with an average market capitalisation of $456m, as of the end of July. The underlying index uses a float-adjusted, market capitalisation weighting methodology. The top three weightings in the index consist of industrials at 27%, financials at 20% and materials at 14%. The firm says India has achieved significant economic growth since undertaking economic liberalisation policies in 1991, and has quickly established itself within the global marketplace. Indian small-cap stocks, supported by a fast-growing...