While the NFO of the Hangseng ETF could gather about Rs 55 crores only, I expect that with the huge popularity of the Hangseng Index, the corpus should grow over time.
In fact in my previous month's newsletter from Investogyan, I had indicated that the correlation of the Hangseng and the Nifty is highest at about 97%.. So it will be 'more or less' similar to investing in Nifty ! But then, why not have a 'phoren' security in our portfolio !!!
The question is now whether one should invest in Hangseng index or not ??
Well, the price charts for the index suggests 19500 and 22000 as 'no man's land' and if it goes beyond 22000 only then one can think of investing in Hangseng. Current level is near 21300.
Happy global investing !!
CA Rajiv D Khatlawala
ValueTrade Academuy
www.investogyan.com
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