"The iShares MSCI India is an innovative product that offers investors an easy and affordable way to gain exposure to the fast growing Indian market," said Joseph Ho, Head of iShares for BGI in Asia ex-Japan. "The minimum investment is expected to cost around US$428 (around S$672)1 at launch. This makes it affordable for small investors to own a piece of one of the most exciting emerging markets in the world. A listing in Singapore, a well-established financial centre, offers an excellent trading venue for investors outside of Singapore to access this Fund.”
“We are very excited about the launch of the iShares MSCI India on SGX and we look forward to having more ETFs in this market,” said Mark Talbot, CEO of BGI’s business in Asia ex-Japan. “To facilitate efficient trading of the iShares MSCI India and provide liquidity to the secondary market, we are working closely with Citigroup Global Markets, who will be the fund’s market maker.”
Mr Linus Koh, Executive Vice President and Group Head of Products and Services of SGX said, “We are delighted to be the first exchange globally to offer the iShares MSCI India ETF, and to be working with BGI and Citigroup on this exciting initiative. This initiative forms an integral part of SGX’s efforts to broaden our product suite to include regional ETFs. These investment alternatives will further strengthen our position as a gateway to Asian markets for both institutional and retail participants.”
