NEW YORK (PRWEB) October 22, 2020
NextFins has announced the launch of INDF: Nifty India Financials ETF, available for trading today. INDF will trade in US Dollars during US market hours.
“INDF allows investors to access the financial companies that directly participate in the megatrends driving Indian economic growth: a young population, a growing workforce, urbanization, increasing access to the digital economy through smartphones, and rising personal credit penetration,” NextFins said in a statement issued earlier this morning.
Investors may purchase shares of INDF through their financial advisors or online brokers. More information about INDF can be found at http://www.indiafinancials.com.
About NextFins: NextFins was founded in 2020 with the goal of democratizing access to smart investment ideas. INDF is the first ETF in NextFins’ roadmap.
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.
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.
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.