BofA Securities provides seed capital
UTI International Limited (UTI International) has launched an Indian Government bond ETF, which has been listed on the Amsterdam Stock Exchange (AEX) on 8 November 2021.
UTI India Sovereign Bond ETF tracks the performance of the Nifty India Select 7 Government Bond Index, which comprises of top 7 most-liquid, local currency sovereign bonds issued by the Central Government of India.
The index has been specifically created by NSE Indices, India’s leading index provider, said UTI International.
The index methodology is uniquely designed for global investors considering favorable factors such as high secondary market liquidity, high unutilized limits for Foreign Portfolio Investors (FPIs) and also giving preference to government bonds categorized under the Fully Accessible Route (FAR) by RBI.
BofA Securities has provided seed capital and has been appointed as Authorized Participant. #investment #banking #economy /fiinews.com
