ETFS Reliance India Nifty 50
ETF Securities has launched a new exchange traded fund that invests in India. The ETFS Reliance India Nifty 50 (NDIA) exchange traded fund (ETF) has listed on the Australian Stock Exchange (ASX) through a partnership with one of India’s largest asset managers, Reliance Nippon Life Asset Management (RNAM).
“India is the most dynamic economic growth story globally, but, until now, it has been difficult for investors to access,” said Kris Walesby, Head of ETF Securities Australia.
“This product offers investors the chance to gain exposure to a $US2.6 trillion economy that still has tremendous potential to grow as India reaps the benefits of structural reforms,” Walesby said.
NDIA tracks India’s Nifty50 Index, an index of India's fifty biggest companies listed on the National Stock Exchange (NSE).