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Get Ready for CPSE Debt ETF
CPSE debt ETF is “coming out at a fabulous time given the market scenario and concerns about credit," says Radhika Gupta, CEO of Edelweiss Asset Management . Edelweiss Asset Management has been appointed as the asset manager for the proposed debt exchange traded fund (Debt ETF) catering to the borrowing needs of CPSEs and other public sector entities. It will be India’s maiden debt ETF focused on CPSEs and PSUs. “Investors are looking for a fixed income product that does not have too much credit issues. CPSE debt ETF is quasi-govt backed because you are doing high quality CPSEs," she said on the sidelines of Mint Mutual Fund Conclave . An ETF is a instrument that tracks a particular index and contains stocks, bonds and even commodities. “You are looking for a product that has predictability of return which we are looking to structure. You are looking for a product with tax efficiency that debt MFs have enjoyed," she added. CPSE debt ETFs will enjoy the same
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