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Exchange Traded Funds (ETFs)
Why is it in the news?
- The Union Cabinet approved the government’s plan to create and launch India’s first corporate bond exchange traded fund (ETF)- Bharat Bond ETF.
More in the news
- Bharat Bond ETF would be the first corporate bond ETF in the country.
- The ETF will comprise a basket of bonds issued by Central Public Sector Undertakings (CPSUs), Central Public Sector Enterprises (CPSEs), Central Public Financial Institutions (CPFIs).
- Aim of ETFs: To create an additional source of funding for CPSUs, CPSEs and CPFIs.
Source
The Hindu.