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Korea’s Mirae Asset Global Investments has launched the east Asian country’s first-ever ETF that tracks the NIFTY50 2x Leverage Index. The product will be traded on the Korea Exchange and provide offshore investors with access to Indian equity.
NIFTY50 2x Leverage Index is created and maintained by India Index Services and Products Ltd, an NSE group company. The index is designed to generate multiple times return of the underlying index in situations where the investor borrows funds to generate index exposure beyond his/her cash position.
There are now 10 international ETFs and 34 domestic ETFs based on NIFTY indices.
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