NEW YORK, Dec. 16, 2020 /PRNewswire-PRWeb/ -- INDF, the first pure-play India Financials ETF listed on the NYSE, is now available to investors globally through a partnership with Kristal.AI, a global, digital-first wealth platform based in Singapore.
"Indian financial stocks have been the crown jewels of the Indian stock market, and we are thrilled to introduce INDF globally," said Amit Anand, co-founder of NextFins, the firm that brought INDF to market. "Indian financial stocks have benefitted from positive earnings revisions and foreign inflows into Indian equities, but until the launch of INDF it was challenging for investors to gain the type of exposure to the space needed to make a meaningful impact on a portfolio."
Thomas Meichl, Head of Trading and Portfolio Management at Kristal.AI, added: "The performance of the Indian financial services sector has historically been highly correlated with the overall growth in the Indian economy, and the sector will continue to play a pivotal role in an ongoing recovery scenario. We are therefore excited to welcome the first NextFins product on our platform, which provides an interesting opportunity for our clients' portfolios with a matching risk profile."
Investors may purchase shares of INDF through their financial advisors, Kristal.AI, or online brokers. More information about INDF can be found at http://www.indiafinancials.com.
INDF tracks the Nifty Financial Services 25/50 Index.
About NextFins: NextFins was founded in 2020 with the goal of democratizing access to powerful investment ideas through ETFs. INDF is the first ETF in the NextFins fund family.
About Kristal.AI: Kristal.AI is a digital wealth management platform that provides both accredited and retail investors access to curated portfolios that are managed by the world's top portfolio managers. The firm helps investors manage and invest their wealth across a range of bonds, equities, hedge funds, alternative investments, tailor-made products, private equity and more, with the help of dedicated and tech-enabled Relationship Managers / Investment Advisors. For more information, please visit Kristal.ai
About the Nifty Financial Services 25/50 Index: The Nifty Financial Services 25/50 Index is managed by NSE Indices Limited and tracks a well-distributed portfolio of top 20 stocks within the Financial Services sector in India.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained going to this link: https://www.indiafinancials.com/indf. Short term performance, in particular, is not a good indication of the fund's future performance, and an investment should not be made based solely on returns.
Carefully consider the Funds' investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund's prospectus, which may be obtained by visiting https://indiafinancials.com/investor-materials. Read the prospectus carefully before investing.
Investing involves risk, including the possible loss of principal. International investments may also involve risk from unfavorable fluctuations in currency values, differences in generally accepted accounting principles, and from economic or political instability. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. The Fund's investments in securities of issuers located or operating in India, as well as its ability to track the Index, also may be limited or prevented, at times, due to the limits on foreign ownership imposed by the Reserve Bank of India ("RBI"). Narrowly focused investments and investments in smaller companies typically exhibit higher volatility. Financial services companies are subject to extensive governmental regulation, which may limit both the amounts and types of loans and other financial commitments they can make, the interest rates and fees they can charge, the scope of their activities, the prices they can charge and the amount of capital they must maintain. There is no guarantee the fund will achieve its stated objective.
Indices are unmanaged and do not include the effect of fees. One cannot invest directly in an index.
Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.
Exchange Traded Concepts, LLC serves as the investment advisor of the fund. The Fund is distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Exchange Traded Concepts, LLC, NextFins, or any of their affiliates.
Amit Anand, NextFins, +1 (908) 671-1734, [email protected]
Chris Sullivan, MacMillan Communications, (212) 473-4442, [email protected]