iShares MSCI India (I98)
The iShares MSCI India ("MSCI India" or "Fund"), a sub-fund of the iShares Southeast Asia Trust, seeks to provide investment results that correspond generally to the performance, before fees and expenses, of publicly traded securities in the India market, as measured by the MSCI India Index ("Index"). Component companies included in the Index are adjusted for available float and must meet objective criteria for inclusion in the Index. The Fund gains access to Indian securities through India Access Products ("IAPs") issued by a connected person of a foreign institutional investor ("FII"). An IAP is a security (such as a warrant, note or participation certificate) linked to an Indian stock.
All dollar amounts are in USD. All dates are in GMT+8 Time. Any exceptions are noted.
Fund Inception Date: 15 June 2006
SGX Listing Date: 15 June 2006
| Net Asset Value as of 5 January 2009 | |
|---|---|
| Net Asset Value | $3.71 |
| Change | $0.14 |
| Change | 3.92% |
Performance is calculated on NAV to NAV basis in USD and assumes dividend reinvestment.
Change indicates the change since the previous business day. Refer to the Prospectus for more information on determination of Net Asset Value.
| Estimated NAV as of - | |
|---|---|
| - | - |
| - | - |
Estimated NAV is indicative only and is calculated by an independent data provider.
Market Data delayed.
Market Data provided by Interactive Data.(See terms and conditions)
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| Index Value as of 5 January 2009 | |
|---|---|
| Underlying Index | MSCI India |
| Currency (Local) | INR |
| Closing Level | 395.65 |
| Closing Level (USD equivalent) | 8.14 |
| Change (USD equivalent) | +0.30 |
| % Change (USD equivalent) | 3.88% |
| Exchange Rate (Local/USD) | 48.59 |
Index returns are for illustrative purposes only and are not indicative of future results. Index returns do not reflect any management fees, transaction costs or expenses.
Change indicates the change since the previous business day's closing index level.
Source: MSCI Barra, Bloomberg. Exchange Rate is extracted at approximately 6:30 pm from Bloomberg. Closing Level (Local) of the Index Value is extracted at approximately 7pm from Bloomberg.
| Fund Profile as of 30 November 2008 | |
|---|---|
| Total Net Asset ('000,000) | $282.6 |
| Shares Outstanding ('000,000) | 80 |
| Management Expense Ratio (MER) | 0.99% |
| Distribution Frequency | None |
The Management Fee is a measure of the cost associated with managing and operating the fund including management and trustee fees but excluding investment costs such as brokerage and access product charges. For complete information on fees and charges, please refer to the Prospectus.
| Trading Information | |
|---|---|
| Underlying Index | MSCI India Index |
| Exchange | SGX |
| Trading Board Lot | 100 |
| Trading Currency | USD |
| Top Holdings* as of 30 November 2008 | |
|---|---|
| 14.27% | RELIANCE IND |
| 10.95% | INFOSYS TECHNOLOGIES ORD |
| 5.95% | HOUSING DEVEL FINAN ORD |
| 5.25% | ICICI BANK LTD ORD |
| 4.88% | HDFC BANK LIMITED |
| 3.97% | HINDUSTAN LEVER LTD ORD |
| 3.73% | OIL & NAT GAS CORP LTD |
| 3.64% | I.T.C LTD ORD |
| 3.09% | BHARAT HEAVY ELECTRICALS |
| 2.80% | LARSEN & TOUBRO LTD ORD |
| View All Holdings | |
| Top Sectors* as of 30 November 2008 | |
|---|---|
| 22.23% | Financials |
| 20.54% | Energy |
| 16.99% | Information Technology |
| 8.53% | Industrials |
| 8.44% | Consumer Staples |
| 6.48% | Utilities |
| 6.22% | Materials |
| 4.43% | Health Care |
| 3.29% | Consumer Discretionary |
| 2.73% | Telecommunication Services |
| IAPs Issuers* as of 5 January 2009 | |
|---|---|
| 99.7% | Citigroup Global Markets Holdings Inc. |
As a percentage of NAV. Total may not equal to 100% due to cash holdings.
The performance quoted represents past performance of the iShares Fund. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. Past performance may not be repeated and is no guide for future returns.
Performance is calculated on NAV to NAV basis in USD and assumes dividend reinvestment.
MARKET PRICES ARE BASED ON SECONDARY MARKET TRADING FACTORS AND MAY DEVIATE SIGNIFICANTLY FROM THE FUND'S NAV.
Important Information
The iShares MSCI India is traded on the Singapore Stock Exchange under the trading name of "IS MSCI India 100US$". The Manager currently does not intend to make any distribution of the income of iShares MSCI India ("The Fund") to Unitholders. Instead, income of the fund (after payment of the relevant fees and expenses of the fund) will be reinvested in a manner consistent with the investment objective of the fund.
The fund may (i) have a limited duration of 5 years and limited access to FII investment quota; (ii) suffer greater tracking error than typical ETFs as it does not hold Indian Shares directly; and (iii) have risks related to IAPs. For more information, please refer to the iShares MSCI India prospectus.
