Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people around the world achieve their financial goals through our investing services and financial advice. Our goal is to help every Canadian achieve financial freedom.
The investment objective of the Fund is to provide long-term capital growth by replicating, to the extent possible, the performance of the Nifty 50 Index , net of expenses. Under normal market conditions, the Fund will primarily invest in securities of one or more exchange-traded funds managed by BlackRock Canada or an affiliate or equity securities issued by issuers located in India. The Index is an equity index drawn from securities listed on the National Stock Exchange of India . It includes 50 companies and represents approximately 63% of the free-float market capitalization of the companies listed on the NSE. To achieve its investment objective the Fund uses an indexing strategy. Under this strategy, the Fund seeks to replicate the performance of the Index, net of expenses, by employing, directly or indirectly, through investment in one or more iShares ETFs and/or through the use of derivatives, a replicating strategy or sampling strategy.