Saturday, March 12, 2011

Motilal Oswal MF to launch first US-equities based ETF tracking NASDAQ-100 Index

Motilal Oswal Mutual Fund today announced the launch of MOSt Shares Nasdaq 100, India's 1st US equity based ETF, which seeks to track the Nasdaq-100 index.

The NASDAQ Stock Market is the largest electronic screen-based equity securities trading market in the United States and second largest by market capitalisation in the world. The NASDAQ-100 is an index of 100 of the largest (by market capitalisation) non-financial companies listed on the NASDAQ.

With the launch of Motilal Oswal Mutual Fund's MOSt Shares Nasdaq 100 fund offer, Indian investors will now have an exposure to top 100 domestic and international non-financial securities like Apple Inc, Google, Microsoft, Ebay and Amazon listed on the Nasdaq stock market.

Source: http://articles.economictimes.indiatimes.com/2011-03-10/news/28675381_1_nasdaq-100-etf-nasdaq-stock-market

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