Investors attracted by Indian fixed income and equity markets can tap into these via ETFs coming to European markets, after a firm won regulatory clearance for a UCITS fund structure in Ireland.

An India-based macroeconomics research firm, ZyFin, has won regulatory clearance to roll out exchange traded funds in Europe, including what it says is the world’s first Indian fixed income ETF and Europe’s first physically-backed Indian ETF on Frankfurt and London markets.

The ETFs will be launched after the firm won permission from the Central Bank of Ireland to launch a Dublin-domiciled UCITS fund structure.

The move offers European investors a way to tap into India’s equity and fixed income markets, seen by some as offering opportunities because of India’s recent improved economic fortunes. 

ZyFin was founded in India in 2011.

“Over the course of the next year, we plan to launch a range of fixed income and equity ETFs to offer easy access for global investors that want exposure to capital markets in India,” Sanjay Sachdev, executive chairman and co-founder of ZyFin, said.

ZyFin’s board members include Nina Shapiro (former vice president, finance and treasurer of the World Bank Group’s International Finance Corporation), Neeraj Bhargava, Raman Kumar (entrepreneur and investor), Udayan Goyal of Anthemis (a UK-based investor in financial technology ventures), and Sanjay Sachdev.