Reliance Nippon Life, ETF Securities partner on India-focused ETF

ETF Securities has partnered with Reliance Nippon Life Asset Management to launch Australia's first India-focussed exchange traded fund, according to sources.

Reliance Nippon Life declined to comment on the development.

In a press note, Kris Walesby, head of ETF Securities Australia, said, "The elections underway in India underscore the huge numbers we are dealing with when it comes to the Indian economy, an investment opportunity we will soon be putting within  reach of Australian investors."

ETF Securities expects India's economy to continue to grow at 7 per cent.

“Even with the challenges it now faces, we still think the Indian economy can register annual