iShares has launched the S&P India Nifty 50 index fund on the Nasdaq stock exchange.
The fund is designed to track the S&P CNX Nifty index, comprising the 50 largest and most liquid Indian securities listed on the National Stock Exchange of India. iShares head of US product research and development Noel Archard says: "Demand for Indian equities continues to be strong as India has a differing set of companies and industries." He adds the underlying index, among other emerging market indices, has a low correlation with US equities, providing a level of portfolio diversification. iShares warns emerging markets entail heightened risks relating to potential capital loss...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
