Assets under management (AUM) of India-focused ETFs have seen a marked decrease in the last one month following a continuous drop in the country’s markets, Daily News & Analysis reports. Foreign investors have redeemed their holdings due to the lower risk appetite for equities. The assets may have fallen as Indian ETFs have greater exposure to some big IT and commodity stocks that have been affected in the fall. As on August 22, the AUM of Singapore-domiciled ishares MSCI India ETF fell 19.20% and of Luxembourg-based DBX Trackers S&P CNX Nifty, 20.39%.

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