KB Asset Management Launches ETF Focused on India's Digital Sector
KB Asset Management is set to launch a new Exchange-Traded Fund (ETF) titled 'RISE India Digital Growth' on April 1. This ETF targets diverse digital innovation sectors in India such as information technology, telecommunications, online finance, and e-commerce. Major investment targets include India's leading companies like Reliance Industries, Infosys, Tata Consultancy Services, and Zomato. This initiative is built upon India's rapid economic growth and the government's 'Digital India' policy, positioning the fund to potentially capture substantial market growth.
The 'RISE India Digital Growth ETF' is based on the 'MarketVector Digital India Index (INR)', which encompasses the broader Indian digital industry. This framework offers investors an ideal opportunity to explore growth prospects within India's digital sector, highlighting the global interest in India's IT outsourcing and digital domains. For Korean investors, this presents a valuable chance to directly engage with and benefit from the rapid expansion of India's digital market.
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