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ZyFin launches in Europe with world's first Indian fixed income ETF

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ZyFin Holdings (ZyFin) is pleased to announce it has received approval from the Central Bank of Ireland to launch a UCITS Dublin domiciled fund structure in Europe. ZyFin plans to launch a suite of innovative ETFs including the world's first Indian fixed income ETF and Europe's first physically backed Indian ETF on the Frankfurt and London Stock Exchanges. The fixed income ETF is physically backed by real underlying securities as opposed to notional securities or derivatives.

ZyFin was founded in India in 2011 as a macro-analytics research firm. Its research capabilities provide ZyFin with the vital and necessary underpinnings for developing innovative investment products. With this ETF launch, the company is also announcing its focus on building intelligent 'smart-beta' investment products such as ETFs that are consistent with its mission of transforming emerging market investing by providing global investors access to attractive investment opportunities in a transparent and cost-effective manner.

 

Sanjay Sachdev, Executive Chairman & Co-Founder commented: Backed by our expertise in macro-analytics research, we are very excited about launching our first ETF in Europe. Over the course of the next year, we plan to launch a range of fixed income and equity ETFs to offer easy access for global investors that want exposure to capital markets in India."

Nina Shapiro, Board Member added: With high GDP growth, reducing inflation and budget deficits and a progressive government focused on economic development, the investment case for India is compelling and this is a fantastic time for ZyFin to be at the forefront of bringing India closer to global investors.

Neeraj Bhargava, Board Member and Lead Investor added: Sanjay and the team at ZyFin are true innovators. ZyFin's first ETF product is a testimony of the innovation as it launches the world's first Indian fixed income ETF, which provides an attractive option for global fixed income investors to address their thirst for higher yields in an otherwise challenging market where fixed income investors are starved of attractive yield-generating options.

ZyFin's Board members include Nina Shapiro (Former VP, Finance & Treasurer of the World Bank Group's International Finance Corporation), Neeraj Bhargava, Raman Kumar (successful entrepreneur and investor), Udayan Goyal of Anthemis (successful UK-based investor in financial technology ventures), and Sanjay Sachdev.

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First Published: Nov 04 2015 | 4:36 PM IST

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