The iShares MSCI India ETF (BATS:INDA) is an exchange-traded fund (ETF) that aims to track the performance of the Indian securities market by investing in a diversified portfolio of stocks. Specifically, the fund will allocate at least 80% of its assets to securities that are part of the underlying index or have similar economic characteristics.
The underlying index is designed to measure the performance of large- and mid-capitalization companies listed on the Indian stock market. This means the fund will focus on investing in established companies with significant market capitalization, as well as mid-sized companies that have the potential for growth.
As a non-diversified fund, the iShares MSCI India ETF may have a higher concentration of assets in a particular sector or industry, which can increase its exposure to market risks. However, this also allows the fund to take advantage of opportunities in specific areas of the Indian market.
The fund is managed by BlackRock, a leading global asset manager, and is listed on the BATS exchange under the ticker symbol INDA. You can find more information about the fund on the iShares website at http://www.ishares.com. The fund is domiciled in the United States.