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Indian Firm Gets Clearance To Launch ETFs On London, Frankfurt Bourses

Investors attracted by Indian fixed income and equity markets can tap into these via ETFs coming to European markets, after a firm won regulatory clearance for a UCITS fund structure in Ireland.
An India-based macroeconomics research firm, ZyFin, has won regulatory
clearance to roll out exchange traded funds in Europe, including
what it says is the world’s first Indian fixed income ETF and
Europe’s first physically-backed Indian ETF on Frankfurt and
London markets.
The ETFs will be launched after the firm won permission from the
Central Bank of Ireland to launch a Dublin-domiciled UCITS fund
structure.
The move offers European investors a way to tap into India’s
equity and fixed income markets, seen by some as offering
opportunities because of India’s recent improved economic
fortunes.
ZyFin was founded in India in 2011.
“Over the course of the next year, we plan to launch a range of
fixed income and equity ETFs to offer easy access for global
investors that want exposure to capital markets in India,” Sanjay
Sachdev, executive chairman and co-founder of ZyFin, said.
ZyFin’s board members include Nina Shapiro (former vice
president, finance and treasurer of the World Bank Group’s
International Finance Corporation), Neeraj Bhargava, Raman Kumar
(entrepreneur and investor), Udayan Goyal of Anthemis
(a UK-based investor in financial technology ventures), and
Sanjay Sachdev.