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NSE 4th largest in number of listed funds, low on turnover

Last Updated: Sunday, November 11, 2012 - 11:51

New Delhi: NSE has emerged as the world's fourth largest stock exchange in terms of the number of listed investment funds on its platform, but the Indian bourse ranks low when it comes to the trading turnover of such funds.

For the Asia Pacific region, the National Stock Exchange (NSE) ranks on the top in terms of total number of investment funds, as per the latest data from World Federation of Exchanges (WFE) as on September 30, 2012.

NSE has managed a high rank despite a continuous decline in the number of listed investment funds to 1,060 at the end of September, the data shows.

The number of funds listed at NSE stood at 1,223 in January and came down to 1,060 in August this year.

The exchanges ranked on the top three positions included Luxembourg SE with 6,385 investment funds, followed by BME Spanish Exchanges and Deutsche Borse with 3,034 and 2,832 funds respectively.

Other exchanges that figure in the top 10 are Mexican Exchange (5th), NYSE Euronext (US) (6th), MICEX / RTS (7th), NASDAQ OMX Nordic Exchange (8th), Shenzhen SE (9th) and Santiago SE (10th).

However, NSE has scored among lowest globally in terms of turnover from the investment funds in September.

The turnover from investment funds were a mere USD 64,000 in the month.

Comparatively, NASDAQ OMX recorded the highest turnover from investment funds at USD 7,457 million followed by Shenzhen SE at USD 5,292 million.

Investment funds include UCITS (Undertakings for Collective Investment in Transferable Securities), listed unit trusts, closed-end funds and investment trusts, WFE said.

These are collective funds managed by an investment trust company (a company established with the purpose of investing in other companies) or a management team.

UCITS, listed unit trusts, closed-end funds and investment trusts are all different forms of collective investment, depending on a country's legislation.


First Published: Sunday, November 11, 2012 - 11:51
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