MUMBAI: Indian investors will soon get a chance to invest in the principal index of the world’s largest economy, the S&P 500.
This index covers about 80% of market capitalisation of listed stocks on US exchanges. Motilal Oswal Asset Management Company is launching an index fund that tracks the S&P 500.
A large number of companies that operate in India and are used by Indian consumers are part of the S&P 500. These include Amazon, The Coca Cola Company, McDonald’s Corporation, The Starbucks Coffee Company and Nike Inc.
The fund house had launched an Exchange Traded Fund (ETF) tracking the NASDAQ in March 2011 making this its second offering tracking US markets.
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