A big debut for BGI's India ETF in Hong Kong
Hong KongÆs retail public gives the Sensex-linked stock a big reception.
Barclays Global Investors yesterday listed its iShares BSE Sensex India Tracker on the Hong Kong Stock Exchange. Investors demonstrated enthusiasm for easy access to the Indian stock market and the $20 million exchange-traded fund ETF saw 726,000 shares turn over, says Joseph Ho, head of iShares for BGI in Asia ex-Japan.
ôWe were pleasantly surprised by the activity,ö he says, noting that while India is of obvious interest to Singaporean investors, BGI wasnÆt sure to what extent Hong Kongers would...
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