SUBSCRIBERS
Success of Modi-backed fund may boost ETF sales in India
Published Tue, Mar 21, 2017 · 09:50 PM
Hong Kong
THE success of an exchange-traded fund backed by Prime Minister Narendra Modi's government may help boost the acceptance of such products in the world's second-fastest growing ETF market.
Investors poured 92 billion rupees (S$1.97 billion), or 3.7 times the targeted amount, into a fund of the top 10 state-run companies, according to Reliance Mutual Fund, which manages the pool.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada
GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology
Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336
Nasdaq’s profit falls as shaky economy keeps IPO revival elusive
iFast Q1 net profit surges on ePension unit performance