London Stock Exchange welcomes ZyFin & First Trust
The London Stock Exchange today welcomes ZyFin Funds and its European ETF distributor First Trust Global Portfolios, Limited (“FTGP”) as it lists Europe’s first physically replicated Indian equity ETF (Exchange Traded Fund).
ZyFin Funds is a unique asset management platform which makes investing in India and other high growth emerging markets very simple. ZyFin brings intelligent and smart beta investment products that provide global investors with cutting-edge & path breaking emerging markets equity and debt ETF solutions which are easily accessible and cost-effective.
FTGP was established in 1991 with a mission to offer investors a better way to invest. Strategically located, FTGP is a UK based affiliate of First Trust Advisors L.P. (“FTA”) and First Trust Portfolios L.P. (“FTP”) (collectively “First Trust”) and distributes a range of First Trust U.S. registered ETFs and Irish domiciled UCITS funds managed by FTA.
ZyFin Funds is today listing the LAM ZyFin MSCI India UCITS ETF (the “Fund”) which will be distributed in certain European jurisdictions by FTGP. The investment policy of the Fund is to closely track the performance of the MSCI India 10/40 Index Net TR, denominated in US Dollars (the “Index”).
The LAM ZyFin MSCI India UCITS ETF offers exposure to a basket of large and mid-cap segments of the Indian equity market. By targeting 85% representation for each basic economic sector, the Index reflects 85% of the overall Indian equity market by capitalisation and is representative of that market's economic diversity. This is the first time that this index will be used in a physical only replication as opposed to synthetic or swap based exposure.
The Fund was admitted to the Main Market on 22 September trading under the tickers INDM (USD) and MIND (GBX).
Sanjay Sachdev, Executive Chairman of ZyFin, said: “We are excited to be launching Europe’s first physically replicated Indian equity ETF, a product which fits perfectly with our ethos of offering investors cost-effective and transparent access to investment opportunities in emerging markets. Many advisers and wealth managers shy away from using synthetic products, so the LAM ZyFin MSCI India UCITS ETF is an ideal solution for offering investors access to attractive growth opportunities in India. We look forward to a long relationship with the London Stock Exchange as we bring a suite of innovative investment products to the market.”
Eric Anderson, Senior Vice President for FTA, and Head of Capital Markets for First Trust in Europe, said: “We are pleased to be ZyFin’s European Distributor on the launch of this ground breaking ETF in Europe. Physical replication, as opposed to synthetic or swap based exposure, has long been preferred by investors here in Europe, so we are excited to now offer exposure to the Indian equity market in physical form. Additionally, given the appealing fundamentals in the Indian economy and equity markets, we’re especially excited about delivering this exposure at this opportune time.”