The Finance Ministry is planning to launch a global exchange traded fund (ETF) with a view to attracting long-term investment from overseas large pension fund houses. The new ETF, which will be constituted after studying the appetite of large investors, is being planned for launch in the next financial year, an official said. Initially, the ministry was planning to list Bharat-22 ETF in the overseas market but decided not to go ahead with it as investors expressed apprehensions over the cost associated with hedging and currency conversion.