Govt to set up ETF to meet disinvestment target
The government has said it will set up a new exchange traded fund (ETF) to sell its shares in public sector undertakings (PSUs) and other private companies, as part of its ₹56,500 crore disinvestment target for the 2016-17 fiscal. ETFs are investment vehicles which hold assets like stocks or bonds and are traded on a stock exchange.