WisdomTree launches smart-beta India ETF

The ETF will offer exposure to Indian quality stocks that 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 that have the highest scores on ROA and ROE. The firm pointed to the favourable fundamentals in India as another factor for launching the ETF - arguing that, with International Monetary Fund stimulus, stable politics and favourable demographics, India would be the fastest growing economy over the next five years. Nizam Hamid, ETF strategist at WisdomTree, said: "We are exci...