Goldman Sachs Hang Seng BeES India's first international ETF Open for trading.
The fund was open for public subscription last month from 15-24 Feb 2010.
Mutual Fund : BENCHMARK MUTUAL FUND
Asset Management Company: Benchmark Asset Management Company Pvt. Ltd.
Trustee Company : Benchmark Trustee Company Pvt. Ltd.
Registered Office : 405, Raheja Chambers, Free Press Marg, 213, Nariman Point,
Mumbai - 400 021
Tel No.: 022 66512727
Fax No.: 022 22003412
Toll Free No.: 1800-22-5079
Website: www.benchmarkfundscom
ETFs are mutual fund units and comprise baskets of securities from the underlying Index, it trades like individual stocks on an exchange and unlike regular open-ended mutual funds, can be bought and sold throughout the trading hours like any stock and charge lower annual expenses than any open-ended index mutual fund.
The fund is first international ETF promoted by Benchmark Mutual Fund and tracks Hang Seng Index that comprises of 42 companies including HSBC Holdings, China Mobile, Bank of China, Cathay Pacific Airways and China Construction Bank Corporation and represents approximately 60% of the total market capitalisation of Hong Kong stock Exchange.
The asset allocation under this scheme will be 90-100% in securities constituting Hang Seng Index and; 0-10%...
