Millennium Post

NSE to launch 2 Nifty-based ETFs in Hong Kong today

Leading bourse NSE on Tuesday said two products based on its benchmark index Nifty 50 will be launched in Hong Kong tomorrow, enabling investors in China to access the Indian market. The two Exchange Traded Funds (ETFs) -- CSOP Nifty 50 Daily (2x) Leveraged Product and CSOP Nifty 50 Daily (-1x) Inverse Product -- will be listed on the Hong Kong Stock Exchange. Investments in these ETFs will approximately correspond to twice (2x) or inverse (-1x) of the daily performance of the Nifty 50 Index on the NSE. 

Nifty is compiled and managed by India Index Services and Products Ltd (IISL), a group firm of National Stock Exchange (NSE). “The listing of Nifty 50 based leverage and inverse products in Hong Kong will ensure that investors in Hong Kong and China can participate in the India growth story,” IISL Chief Executive Mukesh Agarwal said in a statement. Nifty 50 is the most widely used ETF benchmark in Indian domestic market with 13 ETFs tracking the index. Nifty 50 has the highest number of India focused ETFs outside the country. The ETFs will be offered by leading global Chinese asset manager CSOP Asset Management Limited (CSOP). 
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