FinMin likely to issue PSU exchange traded fund by Dec

FinMin likely to issue PSU exchange traded fund by Dec

Having zeroed in on fund manager, the finance ministry is considering to launch second tranche of exchange traded fund ( ETF) comprising stocks of 10 public sector units (PSU) by the end of December. The second tranche of the ETF may hit the market by the end of the next quarter, sources said. Besides, anew ETF will be launched after the second tranche of the current ETF is issued, sources said, adding the new ETF will be different in composition from the previous one.

Business Standard New Delhi,14th September 2016