IIPM BUSINESS & ECONOMY
ETFs may be described as a basket of securities that are traded like individual stocks on an exchange. They are funds/schemes, which invest in the securities of only those sectors or industries as mentioned in the offer documents. ETFs are innovative products, which came into existence in the US in 1993. The success of ETFs can be gauged from the fact that almost $120 billion has been invested in about 280 ETFs in over 30 indices globally. The first Indian ETF was launched by Benchmark Mutual Fund in January 2002 based on S&P CNX Nifty. ETFs have many advantages over traditional mutual funds, the most important being that of liquidity, as they can be bought and sold like stocks.
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Source :- IIPM Editorial, 2006
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Management Institute ! IIPM Info ! IIPM Business School ! IIPM India ! IIPM Management Education ! IIPM Rank India ! IIPM Education ! Best B-School ! Management School ! IIPM India ! IIPM.com ! Join IIPM ! IIPM Faculty !
ETFs may be described as a basket of securities that are traded like individual stocks on an exchange. They are funds/schemes, which invest in the securities of only those sectors or industries as mentioned in the offer documents. ETFs are innovative products, which came into existence in the US in 1993. The success of ETFs can be gauged from the fact that almost $120 billion has been invested in about 280 ETFs in over 30 indices globally. The first Indian ETF was launched by Benchmark Mutual Fund in January 2002 based on S&P CNX Nifty. ETFs have many advantages over traditional mutual funds, the most important being that of liquidity, as they can be bought and sold like stocks.
For Complete Article, Click on IIPM Article
Source :- IIPM Editorial, 2006
For More IIPM Info, Visit below....
Management Institute ! IIPM Info ! IIPM Business School ! IIPM India ! IIPM Management Education ! IIPM Rank India ! IIPM Education ! Best B-School ! Management School ! IIPM India ! IIPM.com ! Join IIPM ! IIPM Faculty !
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