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This is an archive article published on January 10, 2011

MOMC launches Midcap ETF

An exchange-traded fund (ETF) is an investment fund traded on stock exchanges,much like stocks.

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Investment manager Motilal Oswal Asset Management Company said it has launched an open ended Exchange Traded Fund which seeks to track the CNX Midcap Index.

An exchange-traded fund (ETF) is an investment fund traded on stock exchanges,much like stocks.

“Motilal Oswal MOSt Shares Midcap 100 ETF (MOSt Shares M100) is India¿s first exchange traded fund (ETF) which tracks the performance of the Midcap segment of the broader stock market,” the company said in a statement.

Most Shares M100 ETF will be listed on the National Stock Exchange and the New Fund Offer (NFO) will be open for subscription from January 12,2011.

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