EGShares Launches India Small-Cap ETF

EGShares has launched the India Small Cap ETF (NYSE: SCIN).

The Emerging Global Shares Indxx India Small Cap Index Fund invests in 75 publicly traded companies with market capitalizations between $100 million and $2 billion and is designed to track the performance of the Indxx India Small Cap Index, according to a press release. It has a mean free float market capitalization of $632 million and the fund charges a net expense ratio of 0.85% (gross expense ratio: 1.58%).  

The top five industry weights of the Index, as of 6/30/10, were Commercial Banks (12.59%), IT Services (8.67%), Software (7.78%), Textiles, Apparel & Luxury Goods (6.22%), and Metals & Mining (5.95%), followed by Real Estate Management & Development, Food Products, Chemicals, Media, and Construction & Engineering.  

The EGShares India Small Cap ETF is the seventh ETF to be introduced by EGShares.  

More information is at