ETF on BSE SENSEX lists on Hong Kong Stock Exchange

** Barclays Global Investors launches 'iShares® BSE SENSEX India Tracker' **

'iShares® BSE SENSEX India Tracker', the Exchange Traded Fund (ETF) on SENSEX, the globally tracked index of Bombay Stock Exchange listed on the Hong Kong Stock Exchange on November 2, 2006.

Barclays Global Investors (BGI), the global leader in ETFs through its iShares® brand, has created the ‘iShares® BSE SENSEX India Tracker’. This would track SENSEX, India’s only free float index that captures the performance of a diversified portfolio of 30 blue-chip companies listed on the Bombay Stock Exchange.

The ETF would enable investors in Hong Kong to take an exposure to the Indian equity market.

With a 48% market share and asset under management of US$232 billion, Barclays Global Investors (BGI) is the global leader in ETFs. A majority-owned subsidiary of Barclays Bank PLC, BGI is the world’s largest asset manager providing structured investment strategies such as risk-controlled active strategies and indexing. Currently there are about 600 ETFs listed and traded across the world with assets under management of above US$ 487 billion. BGI has engaged Citigroup as Market Maker for iShares® BSE SENSEX India Tracker to ensure tight spread quotes and ample liquidity.

SENSEX was launched in 1986 with the base year of 1978-79. Attuned to international best practices, BSE took lead in shifting the calculation methodology of SENSEX to a free float methodology effective from September 1, 2003.

Source : Equity Bulls

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