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Indian stocks get first ETF in Gulf region
Mint Mumbai
|January 09, 2024
Gulfinvestors are poised to get their first regional exchangetraded fund tracking Indian equities. Lunate Capital LLC is launching the Chimera S&P India Shariah ETF, replicating the performance of the S&P India Shariah Liquid 35/20 Capped Index.
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The fund will track the performance of Shariah-compliant Indian equities listed on the Bombay Stock Exchange.
Indian stocks climbed for an eighth year in 2023 as the country continues to be one of the most favoured markets in Asia. The gains were supported by the fastest growth among the world's major economies and persistent investor concerns over the outlook for India's biggest emerging-market rival, China.
Esta historia es de la edición January 09, 2024 de Mint Mumbai.
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