India’s first fixed income Exchange Traded Fund(ETF) gets listed on London Stock Exchange Thursday Nov 19,2015

The first Indian international fixed income Exchange Traded Fund was listed on the London Stock Exchange on Thursday Nov 19,2015, with hopes of attracting investors across a broad range of categories to opportunities in India via government majority owned companies. 

The LAM Sun Global ZyFin India Sovereign Enterprise Bond ETF as launched by Sun Global Investments and ZyFin Holdings Pte Ltd is composed of six investments that are at least 51 % owned by the government, triple A-rated and with high levels of liquidity, its promoters said at a briefing in London on Thursday Nov 19,2015

These include bonds of Rural Electrification Corporation, Export Import Bank of India, Power Finance Corporation Power Grid Corporation of India, Food Corporation of India and Mahanagar Telephone Nigam.

The average maturity being targeted is around 8.97 years