As of December 29, 2016 XIE Shares Trust I - XIE Shares India (Nifty 50) ETF has gone out of business. XIE Shares Trust I - XIE Shares India (Nifty 50) ETF is an exchange traded fund launched and managed by Enhanced Investment Products, Limited. The fund invests in the public equity markets of India. It uses derivatives such as swaps to invest in the stocks of companies operating across diversified sectors. The fund invests in the stocks of large-cap companies, with market capitalization of at least US$ 4 billion. It invests in the stocks of companies included in the FTSE All World Index or the MSCI All Country World Index. The fund seeks to replicate the performance of the CNX Nifty Index, by employing synthetic replication methodology. It was formerly known as XIE Shares Trust I - XIE Shares India (CNX Nifty) ETF. XIE Shares Trust I - XIE Shares India (Nifty 50) ETF was formed on February 17, 2012 and is domiciled in Hong Kong.