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This is an archive article published on January 10, 2011

MOMC launches Midcap ETF

An exchange-traded fund ETF is an investment fund traded on stock exchanges,much like stocks.

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Investment manager Motilal Oswal Asset Management Company said it has launched an open ended Exchange Traded Fund which seeks to track the CNX Midcap Index.

An exchange-traded fund ETF is an investment fund traded on stock exchanges,much like stocks.

8220;Motilal Oswal MOSt Shares Midcap 100 ETF MOSt Shares M100 is Indias first exchange traded fund ETF which tracks the performance of the Midcap segment of the broader stock market,8221; the company said in a statement.

Most Shares M100 ETF will be listed on the National Stock Exchange and the New Fund Offer NFO will be open for subscription from January 12,2011.

 

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