S&P may bring in products based on global indices


Talking to Business Standard, S&P index services division managing director Robert Shakotko said, "We have observed that when the broader market does not do well, index-based products become popular. This holds true for Indian market as well."

S&P has decided to work closely with IISL, Crisil's joint venture with NSE, which offers Index services. "We are planning to hold talks with Indian Assets Management Companies that can offer index-based products to Indian investors," Shakotko said, adding that the product can be an exchange-traded fund based on the S&P 500 index, or BRIC markets' index, or something like this.

ETF is a passive fund wherein investments are made in index companies as per their individual weightage. In times of uncertainty, betting on indices rather than individual companies helps. Index-based products thus become popular.

Indian AMC Benchmark is going to introduce an index fund based on NSE's broader index S&P CNX 500 — an index of 500 companies comprising 92 per cent of NSE's total market cap. Such funds or ETFs can be offered to Indian investors listed in overseas markets

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Investment Banker, 40s, Bangalore This Biopic and this web recreates how one point of view, one person can impact a tremendous economic engine that the world thrives and mis-thrives on. This one has the knowledge and the civil sense , the art of conversation and some good writing to mentor others as powerful and help global managers develop and fine tune their approach on US markets, China, India and the world. Read on here, and let me know what you need. It can be a race for TRPs, a race for new markets and a race to do what is right. I have the pulse of the crisis, the recovery and the market direction and can help you build and refine your strategy as i have helped thousands of managers and multiple global corporations. Of course, it’s more fun if you talk to me. I am in favor of leading this moving of the economic crisis and will partner with you in a soft and subtle way, just the way we both ride to the top. But you can write with us, opine and just reply with aplomb and shine on Twitter , 4 square , Facebook and any other social “choupal” of choice via zyaadakairaada Profile & Portfolio - SocialPicks Different flavours at: http://benchilibowl.wordpress.com http://zyaada.mp

Posted on November 22, 2008, in Bank Stocks, India, Investments and tagged , , . Bookmark the permalink. 2 Comments.

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