Monday, June 12, 2006

IIPM : $120 BILLION! WHAT MORE COULD YOU ASK!

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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