Dewan Housing Fin co plans to list ETF on foreign bourse

Arthveda, a group company of Dewan Housing Finance, plans to list its uniquely managed L50 equity exchange traded fund (ETF) on a foreign bourse where global investors eyeing an India exposure have a strong presence. The management is looking at Dubai and Luxembourg as the best options even as fund mobilization rolls along. Of late, ETFs are gaining traction globally and L50 based on NSEs nifty index is trying to capture part of this enhanced interest among Indiafocused investors.