The burgeoning middle class in India will drive global investments for the next 10 to 20 years and experts in emerging markets believe INCO is a solid pick to take advantage of this massive growth. An investor would be wise to divert a part of their portfolio to INCO over the next decade. The middle class in India stands around 50 million people, or 5% of the population and by 2022, India’s population will draw even with that of China, at 1.4 billion people, and then exceed it (by 2030 India is expected to be home to 1.5 billion people).
INCO seeks investment results that correspond to the price and yield performance of the Indxx India Consumer Index
- Net Expense Ratio: 89%
- 34.68 as of close of the markets on 8/12/15
- Top holdings include Godrej Consumer Products Ltd (5.7%) – Bajaj Auto Ltd (5.4%) – Motherson Sumi Systems Ltd (5.4%)
- 52 week range: 28.26-37.75