Van Eck filed for a new exchange-traded fund last week, the Market Vectors India Small-Cap ETF. The fund will track the Market Vectors India Small-Cap Index.

Expense ratios have not yet been determined. Hao-Hung (Peter) Liao and George Cao will serve as portfolio managers.

The index tracks securities of 225 Indian companies with market capitalizations between $150 million and $1.2 billion.

IndexUniverse reports that there are three others India ETFs on the market right now; each investing mainly in large-cap companies. 

Edited by: Adam Kommel


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