First Trust, the seventh-largest U.S. issuer of exchange traded funds, could add to its lineup of single-country ETFs with an India ETF. Illinois-based First Trust has filed plans with the Securities and Exchange Commission for the First Trust ZyFin India Quality and Governance ETF.
“Companies will be evaluated for quality based on earnings volatility, leverage and return on equity, the prospectus said. The velocity or how much they trade relative to their free-float market capitalisation will be one key trigger for choosing shares,” according to the Economic Times.
Related: India ETFs Surge After $12.9bn Budget Proposal
Well-known and established funds in the India ETF space include the iShares MSCI India ETF (BATS: INDA), PowerShares India Portfolio (NYSEArca: PIN) and the WisdomTree India Earnings ETF (NYSE: EPI).