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NSE world’s 4th largest in listed funds but low on turnover

NSE world’s 4th largest in listed funds but low on turnover
The National Stock Exchange (NSE) has emerged as the world's fourth largest stock exchange in terms of the number of listed investment funds on its platform. But the Indian bourse ranks low when it comes to the trading turnover of such funds.

For the Asia Pacific region, the National Stock Exchange (NSE) ranks at the top in terms of total number of investment funds, according to the latest data from World Federation of Exchanges (WFE) as on 30 September, 2012.

The National Stock Exchange has managed a high rank despite a continuous decline in the number of listed investment funds to 1,060 at the end of September, shows the data. The number of funds listed at the National Stock Exchange stood at 1,223 in January and came down to 1,060 in August this year.

The exchanges ranked at the top three positions included the Luxembourg stock exchange (SE) with 6,385 investment funds, followed by the BME Spanish Exchange and Deutsche Borse with 3,034 and 2,832 funds respectively.

The other exchanges that figure in the top 10 are the Mexican Exchange (fifth), NYSE Euronext (US) (sixth), MICEX/ RTS (seventh), NASDAQ OMX Nordic Exchange (eighth), Shenzhen stock exchange (ninth) and Santiago stock exchange (tenth).

However, the National Stock Exchange has scored among the lowest globally in terms of turnover from investment funds in September. The turnover from investment funds was a mere $64,000 in the month. Comparatively, NASDAQ OMX recorded the highest turnover from investment funds at $7,457 million, followed by the Shenzhen stock exchange at $5,292 million.

Investment funds include undertakings for collective investment in transferable securities (UCITS) , listed unit trusts, closed-end funds and investment trusts, the World Federation of Exchanges said.

These are collective funds managed by an investment trust company (a company established with the purpose of investing in other companies) or a management team.
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