Savvy investors were seen making a dash to invest in the only two China-focused exchange-traded funds (ETFs) available in the domestic markets.
On Friday, Mirae Asset Hang Seng Tech ETF closed at ₹16.9 on the NSE, nearly 7 per cent higher than its indicative net asset value (iNAV) or the fair value of ₹15.9. Likewise, the Nippon India ETF Hang Seng BeES ended the session at a 6 per cent premium over its iNAV.
According to mutual fund (MF) officials, the premium was a result of high demand for the ETFs coupled with a lack of supply of new ETF units.
Denne historien er fra September 28, 2024-utgaven av Business Standard.
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Denne historien er fra September 28, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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