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| Topic: |
Business
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| Number of pages / Number of words: |
11 / 2905 |
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Since then ETFs have proliferated, tailored to an increasingly specific array of regions, sectors, commodities, bonds, futures, and other asset classes. As of March 2008, there were 644 ETFs in the U.S., with $571 billion in assets, an increase of $127 billion over the previous twelve months. India joined the ETF club in December 2001 with the launch India's first ETF 'Nifty BeES' (Nifty Benchmark Exchange-traded Scheme) by Benchmark Mutual Fund, based on the S&P CNX Nifty Index...
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India joined the ETF club in December 2001 with the launch India's first ETF 'Nifty BeES' (Nifty Benchmark Exchange-traded Scheme) by Benchmark Mutual Fund, based on the S&P CNX Nifty Index. Later UTI launched its own ETF called SUNDERS, while Prudential ICICI has a product called SPIcE in this category...
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General points of the essay
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