Motilal Oswal to launch fundamental ETF in Asia and US

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Motilal Oswal is set to list its MOSt Shares M50 ETF in Asia and the US in domestic currencies, in conjunction with local partners.

The Indian asset manager will also look to release the fund in other jurisdictions, such as the UK, if the right counterparty is found. Motilal Oswal CEO Nitin Rakesh says the S&P CNX Nifty is the most popular index in India, but there are inefficiencies due to a few large companies dominating the market capitalisation weighted index. As a result, the firm created the MOSt Shares M50 ETF, based on a fundamentally weighted basket calculated by S&P. The basket includes all 50 of the stocks in the Nifty index, but not in the same proportion. Instead, stock weights are determined based...

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