Bumper IT Buyback Helps India ETF Pull Off Rare Index Beat
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000An unusual trade by an Indian exchange-traded fund has helped it edge past the benchmark it’s designed to mirror, a rarity in an era dominated by passive investing.Aditya Birla Sun Life Nifty 50 ETF has gained almost 12% since the financial year began April 1, putting it a basis point ahead of the NSE Nifty 50 Total Return Index. It’s the only fund in its peer group outpacing the gauge, despite management fees that typically drag trackers below their benchmarks.