Jio BlackRock plans to introduce its initial exchange-traded funds in India by August. The joint venture already manages 1.9 billion dollars in assets and will begin with equity strategies.
The company seeks to follow BlackRock's model in passive investing. It targets India's developing ETF market with these new products. Plans also include offerings tied to GIFT City. The venture continues to build its asset base toward a 2 billion dollar target. Initial focus remains on equity approaches to meet growing local demand for such funds.