NSE Launches Three Nifty Based ETFS On Taiwan Stock Exchange

Mumbai: In a move to provide investors with more strategic options to hedge risk and enrich their investment portfolio, the National Stock Exchange (NSE) launched three Nifty-based Exchange Traded Funds (ETFs) on Taiwan Stock Exchange.

The three ETFs—the Fubon Nifty ETF, Fubon Nifty 2X Leveraged Index ETF and Fubon Nifty-1 Inverse Index ETF—were issued by Taiwan-based Fubon Asset Management to track the Nifty 50, Nifty PR 2X Leverage Index and Nifty PR 1X Inverse Index, respectively. The three indices were created by India Index Services and Products (IISL), a NSE group company, that provides a variety of indices and index related services for the capital markets. Nifty 50 index represents 13 sectors of the economy covering 65 per cent free float market capitalization of the stocks listed on NSE, and is used as an ETF benchmark in the Indian market, with 13 ETFs tracking the index.

With this, ETFs based on Nifty family of indices are now available for trading in 19 exchanges across the world. Nifty 50 is the benchmark index of India.

Mukesh Agarwal, Chief Executive of IISL said: “Currently India is one of the fastest growing economies in the world and the listing of Nifty 50 based ETFs in Taiwan will ensure that investors in Taiwan can participate in the Indian growth story.”

The new products will provide Taiwan-based investors with a more cost-efficient way to access the Indian market, as well as help them further popularize Taiwan's ETF market globally.