ETF investors interested in targeting the small-capitalization category of India’s market can take a look at a couple of options, including the Market Vectors India Small-Cap Index ETF (NYSEArca: SCIF), EGShares India Small Cap ETF (NYSEArca: SCIN) or iShares MSCI India Small-Cap ETF (NYSEArca: SMIN).
SCIF includes a 52.5% weight in mid-caps, 43.8% in small-caps and 3.7% in micro-caps. Top sector allocations include consumer discretionary 23.7%, financials 23.6% and industrials 18.3%. The ETF has a 0.93% expense ratio and is up 31.2% year-to-date.
SCIN leans toward larger companies, with mid-cap names accounting for 76.0% of the portfolio, followed by large-caps 14.8% and small-caps 9.2%. The fund also tilts toward financials stocks at 34.9% of the portfolio, followed by consumer discretionary 17.1% and industrials 13.6%. The ETF has a 0.85% expense ratio and is up 31.2% year-to-date.
SMIN’s allocations does not have as much large names as SCIN but does not include as much smaller names as SCIF, with mid-caps at 74.5% of the iShares ETF’s portfolio, followed by small-caps 19.9% and large-caps 5.5%. The fund has a 0.74% expense ratio and is up 23.8% year-to-date.
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Max Chen contributed to this article.