Indian asset manager, Motilal Oswal, is seeking to launch its third exchange-traded fund (ETF), IFA Online reports. The launch will be the second international ETF on the Indian Stock Exchange and the first tracking equities outside of Asia.

The new portfolio of the firm will be floated on March 8, 2011, providing rupee exposure to the Nasdaq 100. Motilal Oswal is planning to add a new product to its ETF platform every three to six months.

Click here for the story from IFA Online.