Motilal Oswal MF launches first US-equities based ETF

Motilal Oswal Mutual Fund has launched MOSt Shares Nasdaq 100, country's first US equity based exchange-traded fund (ETF), which seeks to track the Nasdaq-100 index. Nitin Rakesh, CEO of Motilal Oswal AMC, said it is a good chance for Indian investors to gain from some of the non-financial companies in the US.