Alternative Investments/ESG: HANetf And EMQQ Launch ESG-Screened India Internet And E-Commerce ETF
“India’s prominence in the global economy has become impossible to overlook. Optimism surrounding its economy is on the rise, with many eyeing India as a destination for ‘China plus one’ diversification strategies.” – Hector McNeil, Co-Founder and Co-CEO of HANetf
HANetf, a European ETF white labeler, is set to introduce the INQQ India Internet & Ecommerce ESG-S UCITS ETF, aiming to provide investors with targeted exposure to India’s swiftly advancing digitization. India, now the world’s most populous country, is seen as the “new China,” attracting global attention due to its impressive economic growth rates. The IMF projects a 6% growth for India’s economy this year, positioning it as the fastest-growing major economy in 2023 and 2024.
HANetf and EMQQ Global have collaborate for the launch of this ETF.
India’s economic growth has translated into substantial stock market returns, with the BSE SENSEX recording a 93% return over the past five years, surpassing the S&P 500’s 58%. This growth is attributed to the expansion of India’s middle class, welcoming 400 million new members in the past 15 years, fostering a generation of consumers with increased spending power. Furthermore, the country’s digital infrastructure expansion, enabling over 98% of the population to access 4G, has resulted in seven million new smartphone users monthly, propelling India’s internet economy to potentially outgrow the nation’s GDP. (ETF Express)
The INQQ ETF, tracking the India Internet & Ecommerce ESG Screened Index, ensures 100% exposure to Indian companies with a minimum of 50% revenue from internet and/or ecommerce. This strategic approach allows investors targeted exposure to India’s digital evolution.
Both HANetf and EMQQ Global had earlier collaborated to launch the EMQQ Emerging Markets Internet & Ecommerce UCITS ETF, emphasizing online consumption growth in developing nations.
According to Kevin Carter, the founder and Chief Investment Officer at EMQQ Global, observed that for many developed countries, the internet has been a long-established luxury, yet over a billion Indian consumers are just starting their online journey. The escalating enthusiasm among consumers, combined with India’s robust commitment to expanding both physical and digital infrastructure in the upcoming years, presents an enticing avenue for growth.
“We strongly advocate recognizing the investment potential within India’s internet narrative, which is both pivotal and unignorable,” Carter said.
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