New Delhi: The Finance Ministry has started consultation with global investors for launching CPSE-scrip based Exchange Traded Fund (ETF) in overseas market, a government official has said.
The Department of Investment and Public Asset Management (DIPAM) will start developing the index for the ETF based on investors’ feedback. “We are eyeing large overseas pension funds for investments into the overseas ETF.
We will soon appoint fund managers for developing the new ETF. Global roadshows have seen good investor interest in ETF route for investments into CPSEs,” the official said. The government currently has two exchange-traded funds — CPSE ETF and Bharat-22 ETF — listed on domestic exchanges.
(To receive our E-paper on whatsapp daily, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)