By: Tien Yu-pin and Frances Huang
Taipei, March 31 (CNA) Investors in Taiwan have gained access to stocks in the equity market of India, with three exchange-traded funds (ETF) tracking the Indian market now listed on the local main board, according to the Taiwan Stock Exchange (TWSE).
The three ETFs — the Fubon NIFTY ETF, Fubon NIFTY 2X Leveraged Index ETF, and the Fubon NIFTY -1 Inverse Index ETF — were listed on the main board March 29, giving Taiwan traders a chance to invest in Indian equities, the TWSE said.
The three ETF’s track the Nifty 50 Index, the Nifty Leveraged 2X Index and the Nifty Inverse Index, respectively.
Those indexes have been compiled by India Index Services and Products Ltd. (IISL), which provides investors with a wide range of indexes and index related services and products for the Indian capital markets.
The series of Nifty indexes include large and mid-cap blue chips in the Indian market, which reflect market conditions in the South Asian country and are important indictors for foreign investors eying the Indian market, according to the TWSE. [FULL STORY]