1. How did the idea of a PSE ETF come along?
Sanjiv Shah: GSAM started having conversations with the government and Department of Disinvestment around February 2012 to suggest alternative approaches to undertake disinvestment. We wanted to look at how participation by a large number of investors could be encouraged as well as how to leverage the prevalent nationwide stock exchange network. Given our expertise in Exchange Traded Funds (ETFs), GSAM proposed that an ETF could be an elegant solution for disinvestment, providing a low-cost, transparent, rules-based, diversified vehicle that could be used by a wide variety of investors. This effectively became the genesis of the PSE ETF concept.MY SIMPLE Q IS WHETHER STT IS PAYBLE ON SALE OR PURCHASE OF CPSEETF.
on Apr 9, 2014STT is not payable on sale or purchase of any ETF. That includes CPSE ETF.
on Apr 10, 2014