Korean stock market
Korea Investment Management to launch two India-focused ETFs
New funds will target consumer discretionary sectors and top Indian conglomerates
By 4 HOURS AGO
1
Min read
Most Read
High-performance 4680 battery war is on; LG Energy takes lead over rivals
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
Will Samsung take over Nokia’s mobile network assets?
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
S.Korea's LS Materials set to boost earnings ahead of IPO process
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
Affinity Equity bets big on Korea's car rental market
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
MBK Partners’ sale of Homeplus Express hits snag over valuation gap
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
![Korea Investment Management to launch two India-focused ETFs](https://www.kedglobal.com/data/ked/image/2024/09/05/ked202409050001.700x.0.jpg)
Korea Investment Management said on Wednesday it will launch two active exchange-traded funds (ETFs) targeting the Indian market on September 10.
The new ETFs—ACE India Consumer Power Active and ACE India Market Representative BIG5 Group Active—will focus on growth sectors in India.
ACE India Consumer Power Active will invest in 15 companies across consumer discretionary sectors, including home appliances, automobiles, and healthcare, all deemed to have significant long-term growth potential in India.
The strategy is based on the expectation that India, often referred to as the "next China", will follow a similar growth path, where rising GDP leads to increased spending on discretionary goods, as seen in China.
![Korea Investment Management to launch two India-focused ETFs](https://www.kedglobal.com/data/ked/image/2024/09/05/ked202409050002.700x.0.jpg)
ACE India Market Representative BIG5 Group Active will focus on five major Indian conglomerates—Tata, Reliance, Adani, L&T, and Bajaj—and invest in 15 to 20 key stocks within each group.
Write to Man-Su Choe at bebop@hankyung.com
More to Read
-
Banking & FinanceKorea Investment's Nasdaq 100 ETF surpasses $747 mn
Aug 22, 2024 (Gmt+09:00)
1 Min read -
Banking & FinanceKorea Investment manages Vista Land $50 mn global bond issuance
Aug 01, 2024 (Gmt+09:00)
1 Min read -
Investment bankingKorea Investment to expand CLO portfolio with Anchorage Capital
May 22, 2024 (Gmt+09:00)
1 Min read
Comment 0
LOG IN