Asset manager ZyFin Holdings Pte Ltd has announced the listing of Europe’s first physically replicated Indian equity ETF. The LAM ZyFin MSCI India UCITS ETF is available on the London Stock Exchange and the Deutsche Börse, the company said in a press statement.

The ETF was launched with First Trust Global Portfolios, ZyFin’s London-based ETF distribution partner.

Replication strategy The ETF offers investors exposure to Indian equities by tracking the performance of the MSCI India 10/40 Index Net TR (the Index), denominated in US dollars. The fund will use a physical replication strategy to track as closely as possible the returns of the Index after deduction of fees and expenses.

The MSCI India 10/40 Index is designed to measure the performance of the large- and mid-cap segments of the equity. Comprising 74 constituents, it covers about 85 per cent of the free float-adjusted market capitalisation in India. The index is rebalanced quarterly to account for changes in the market cap of an index component.

Sanjay Sachdev, Executive Chairman, ZyFin, said, “Many advisors and wealth managers shy away from using synthetic products, so the LAM ZyFin MSCI India UCITS ETF is an ideal solution for offering investors access to attractive growth opportunities. With economic growth for the current and forthcoming years projected at 7.4 per cent by IMF, the investment case for India is compelling.”

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