HANetf to launch Europe’s first ESG-screened India internet & ecommerce ETF

  • HANetf is launching INQQ India Internet & Ecommerce ESG-S UCITS ETF (ticker: INQQ) a new ETF offering ESG-screened exposure to the rapid digitisation of India.
  • INQQ is launching in partnership with EMQQ Global which previously partnered with HANetf to launch EMQQ Emerging Markets Internet & Ecommerce UCITS ETF (ticker: EMQQ).
  • India’s ecommerce is one of its most exciting economic sector with 98% of the population being able to access 4G.
  • INQQ will be classified as SFDR Article 8.

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November 2023 London

HANetf Europe’s first and only independent white-label UCITS ETF and ETC platform and leading provider of digital asset ETPs is delighted to announce the upcoming launch of INQQ India Internet & Ecommerce ESG-S UCITS ETF (ticker: INQQ).

INQQ is designed to offer investors targeted exposure to India’s rapid digitisation. Now the world’s most populous country India is often hailed as the “new China” and has been capturing global attention with its remarkable economic growth rates -the IMF expects the country’s economy to grow by 6% this year and be the fastest growing major economy in both 2023 and 2024.

Despite a challenging few years for emerging market investors India’s economic growth has translated into stock market returns -over the past 5 years India’s BSE SENSEX has returned 93% compared to the S&P 500’s 58%.

This has been partly driven by the expansion of India’s middle class which has grown to include 400 million new people over the past 15 years paving the way for a new generation of consumers with increased spending power.

Simultaneously the country’s digital infrastructure has expanded significantly with over 98% of the country’s vast population able to access 4G. This coupled with the increased spending power of consumers has translated to 7 million new smartphone users a month. India’s internet economy is now poised to outgrow the country’s broader GDP.

INQQ seeks to capture this consumer-led digital revolution. It will track INQQ The India Internet & Ecommerce ESG Screened Index (INQQETF) which is ESG-screened and has 100% exposure to Indian companies. Holdings are screened to ensure at least 50% of their revenue comes from internet and/or ecommerce. Given that many Indian companies are difficult to find if listed locally INQQ will offer investors targeted exposure to India’s digitisation.

HANetf and EMQQ Global previously partnered to launch EMQQ Emerging Markets Internet & Ecommerce UCITS ETF (EMQQ) in 2018 which provides exposure to the growth of online consumption in the developing world. Both EMQQ and INQQ have US-listed sister ETFs with approximately $470 million AUM on aggregate. The UCITS version of EMQQ is currently at $170m AUM. HANetf has now converted over 10 US-listed ETFs into Irish-domiciled UCITS ETF via the white-label platform.

Kevin Carter Founder and Chief Investment Officer of EMQQ Global comments: We are thrilled to bring INQQ to UCITS investors with HANetf. While developed nations have experienced the luxury of the internet for decades over a billion consumers in India are only just beginning to go online. This booming consumer momentum coupled with the country’s strong dedication to scaling physical and digital infrastructure in the coming years is creating a compelling growth opportunity. We believe that the India Internet investment story is one that cannot and should not be ignored. INQQ will allow investors to tap into the foundation of this growth being powered by the smartphone-enabled digital consumer.

Hector McNeil Co-CEO and Co-Founder of HANetf comments: We are delighted to be launching INQQ India Internet & Ecommerce ESG-S UCITS ETF (ticker: INQQ) with EMQQ Global. India’s prominence in the global economy has become impossible to overlook. Optimism surrounding its economy is on the rise with many eyeing India as a destination for China plus one diversification strategies highlighting the nation’s growing significance in the global economy. But the real opportunity in India we believe is digital-enabled consumption. The INQQ ETF will provide a way for investors to capture this exciting segment of the Indian market. Many broader indices include state owned enterprises which historically

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