Motilal Oswal to launch Nasdaq 100 ETF

The launch will be only the second international ETF on the Indian Stock Exchange and the first tracking equities outside of Asia. Meanwhile, out of a total of 25 ETFs listed on the national bourse, 10 access gold in some way. Motilal Oswal CEO Nitin Rakesh criticises the lack of innovation in the Indian ETF market in recent years and says the amount of white space remains significant, while "me-too" products swamp the market. "Our MOSt Shares M50 ETF was the first ETF in India to use a fundamentally weighted index based on Nifty, our M100 ETF was the first based on mid-caps, and our ...