CEO Luis Berruga says they see opportunities to bring some of the strategies that they have developed in the US to the Indian market.
Exchange traded funds (ETFs) in India have seen a sharp growth in the last few years. With current assets at ₹4.5 trillion, there has been a three-fold jump in investor assets held in ETFs in India over the last three years. Following Sebi’s strict scheme re-categorisation norms, several of the new fund launches have been in the ETFs space. Luis Berruga, chief executive officer, Global X ETFs, which is owned by Mirae Asset Financial Group and has around $70 billion of assets under management, spoke to Mint on the global trends in the ETF space and what the future of ETFs in India could look like. Edited excerpts: