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iShares S&P India Nifty 50 Index Fund starts trading

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The iShares S&P India Nifty 50 Index Fund, which is designed to track the S&P CNX Nifty Index, has begun trading.

The S&P CNX Nifty Index represents the 50 largest and most liquid Indian securities listed on the National Stock Exchange of India.

"We’re pleased to provide investors with an iShares ETF that tracks one of the most investable and well-known India indexes. Demand for Indian equities continues to be strong as India has a differing set of companies and industries. In addition, the index, like other emerging market indexes, has a low correlation with US equities, which offers the important added benefit of portfolio diversification," says Noel Archard, head of US iShares product research and development.

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