Emerging Global Advisors rolled out the first in a planned series of India sector ETFs on August 10, 2011. EGShares India Consumer ETF (INCO) tries to replicate the INDXX India Consumer Index, a 30-stock free float adjusted market capitalization index targeting India’s consumer sector.

The underlying index, started in April 2007, has a current yield of 1.6%. It holds stocks from a wide range of industries including Automobiles 15.1%, Personal Products 15.1%, Media 10.2%, Textiles Apparel & Luxury Goods 10.0%, Food Products 8.9%, Beverages 7.3%, Hotels Restaurants & Leisure 7.3%, Household Products 5.7%, Chemicals 5.5%, and others 14.9%.

INCO’s 30 holdings are listed on India’s National and Bombay stock exchanges. Most cannot be bought or held directly by US investors. Top holdings include Asian Paints 5.6%, Hero Motorcorp 5.3%, Hindustan Unilever 5.3%, Titan Industries 5.0%, Nestle India 4.9%, ITC 4.9%, and Colgate Palmolive India 4.9%. Additional details can be found in the fact sheet (pdf).

...Seeking Alpha