Benchmark Mutual Fund is launching what it refers to as India's 'first-ever international exchange traded fund (ETF)' in India – the Hang Seng BeES, which is an open-ended, exchange listed index scheme.
It gives Indian investors the opportunity to buy a foreign ETF, which is slated for listing on the National Stock Exchange on Monday next - a basket of securities made up of individual stocks will get traded on an exchange here.
The scheme will track China's Hang Seng index on a real-time basis.
It gives Indian investors the chance to take exposure to the markets in China and thereby also diversify their portfolio further.
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