a-big-debut-for-bgis-india-etf-in-hong-kong

A big debut for BGI's India ETF in Hong Kong

Hong KongÆs retail public gives the Sensex-linked stock a big reception.
November 02, 2006
Barclays Global Investors yesterday listed its iShares BSE Sensex India Tracker on the Hong Kong Stock Exchange. Investors demonstrated enthusiasm for easy access to the Indian stock market and the $20 million exchange-traded fund ETF saw 726,000 shares turn over, says Joseph Ho, head of iShares for BGI in Asia ex-Japan.

ôWe were pleasantly surprised by the activity,ö he says, noting that while India is of obvious interest to Singaporean investors, BGI wasnÆt sure to what extent Hong Kongers would be keen. He notes that most investors are retail.

This represents BGIÆs second international India ETF, following the June listing of the iShares MSCI India fund on the Singapore Stock Exchange. These are...
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