ABN Amro AMC launches China-India Fund
ABN Amro Asset Management (India) today announced the launch of the ABN Amro China-India Fund which will focus on taking advantage of the fast-growing economies of both countries.
By PTI |
MUMBAI: ABN Amro Asset Management (India) today announced the launch of the ABN Amro China-India Fund which will focus on taking advantage of the fast-growing economies of both countries.
A first-of-its-kind fund in the country, it will have a dedicated fund manager for investing in overseas securities. ABN Amro Asset Management (Asia) will act as an adviser in portfolio construction and securities selection for the fund.
"The ABN Amro China-India Fund will seek to leverage on our thorough knowledge of both these countries and offer our investors a smart portfolio diversification option," ABN Amro Asset Management (India) Managing Director Nikhil Johri said in a statement here.
The fund's investment objective is to provide long-term capital appreciation by primarily investing in equity and equity-related securities of India and China. It may also invest a limited proportion in other international equity and equity-related securities and also debt and money-market instruments.
The new fund offer will remain open for 29 days and will close on October 1, the statement said, adding the during the NFO period, units of the scheme will be available for Rs 10 each each.
A first-of-its-kind fund in the country, it will have a dedicated fund manager for investing in overseas securities. ABN Amro Asset Management (Asia) will act as an adviser in portfolio construction and securities selection for the fund.
"The ABN Amro China-India Fund will seek to leverage on our thorough knowledge of both these countries and offer our investors a smart portfolio diversification option," ABN Amro Asset Management (India) Managing Director Nikhil Johri said in a statement here.
The fund's investment objective is to provide long-term capital appreciation by primarily investing in equity and equity-related securities of India and China. It may also invest a limited proportion in other international equity and equity-related securities and also debt and money-market instruments.
The new fund offer will remain open for 29 days and will close on October 1, the statement said, adding the during the NFO period, units of the scheme will be available for Rs 10 each each.
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