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Thursday, October 13, 2011

DNH welcomes framework for ETFs, says timing crucial

DNH Financial Ltd. yesterday welcomed the availability of regulatory framework for Exchange Traded Funds (ETFs).

The Daily FT yesterday exclusively reported this development in tandem with new Code for Unit Trusts being gazetted.

“Whilst ETFs could indeed provide a desirable investment opportunity for investors to tap the local market, its attractiveness will to a large extent depend on the performance of the market as ETFs are generally passive investment schemes. Consequently, market timing will be critical in the launch of any ETF,” DNH added in a commentary in its daily report on the market.

source - www.ft.lk