KB Asset Management announced on the 31st that it will introduce an exchange-traded fund (ETF) focused on investments in India's digital industry for the first time in the country.
The 'RISE India Digital Growth ETF,' which will be listed on the 1st of next month, is a product that directly invests in India's fast-growing digital industry based on its excellent potential. It features investments not only in the IT sector but also in various fields driving digital innovation. The portfolio is composed across high-growth industries such as IT, telecommunications, online finance, and e-commerce.
The ETF includes Reliance Industries Ltd, Infosys Ltd, Tata Consultancy Services Ltd, and Zomato Ltd. These stocks lead the Indian economy in various fields such as IT outsourcing, e-commerce, and financial services, and have a high level of competitiveness in the global market.
No Ah-reum, head of the ETF business division at KB Asset Management, noted, "As India's digital industry rapidly grows, investor interest is also increasing," adding that "the 'RISE India Digital Growth ETF' will be a useful product for investors considering emerging market investments while paying attention to the growth potential of IT and tech industries."