Mirae launches Nifty 50-based leveraged ETF in Korea

MUMBAI: Mirae Asset Global Investments has launched an Exchange Traded Fund ( ETF) in Korea that will track the Nifty 50 2x Leverage Index, NSE group company India Index Services & Products (IISL) said in a release on Friday.

The ETF will be traded on the Korea Exchange (KRX).

“By the listing of second NIFTY based ETF in Korea it is evident that the investors are optimistic to take part in the India growth story through new and innovative products,” said Mukesh Agarwal, CEO, IISL.

There are 10 international ETFs and 34 domestic ETFs based on NIFTY indices which show the widespread acceptability of NIFTY indices for India access products, Agarwal said.