Introducing INQQ: The India Internet & Ecommerce ETF
India has now overtaken China as the world’s most populous country, and the IMF expects it to be the world’s fastest growing major economy in both 2023 and 2024.
Included within this vast population is the world’s largest “Gen Z” demographic, by quite some margin. Couple this with a rapidly expanding middle class, and we have a new generation of tech-savvy consumers, ready to bring themselves online.
It is perhaps no wonder then, that India is seeing 7 million new smartphone users every 30 days. This comprises almost a quarter of the world’s smartphone-using population.
Thanks to significant investment in – and government backing of – digital infrastructure, smartphone penetration in India reached 71% this year, and is on track to reach 96% by 2040.
All of this has resulted in estimates that India is digitising faster than any other country on Earth, and it is showing no signs of slowing down.
Already, India’s digital economy has managed to outgrow its overall economy on several occasions, and it seems that the digital revolution has only just begun.
Today, HANetf launched a new ETF, on London Stock Exchange and Deutsche Borse XETRA, providing exposure to India internet & ecommerce companies: INQQ India Internet & Ecommerce ESG-S UCITS ETF (INQQ).
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For professional investors only. Capital at risk.