S&P open for more tie-ups in India
Standard & Poor's Investment Advisory arm is open to tie-ups with more financial institutions for offering investment advisory service in international markets.
By PTI |
KOLKATA: Standard & Poor's Investment Advisory arm is open to tie-ups with more financial institutions for offering investment advisory service in international markets, a company official said here on Wednesday.
"We are open for opportunities for more alliances and tie-ups with financial bodies like mutual funds and insurance companies of India," S&P equity research product director Christopher Lee said.
S&P Investment Advisory first tied up with Birla Mutual Fund for its International Equity Fund to advise it to invest in global markets.
Meanwhile, a large chunk of Birla Sun Life International Equity Fund corpus was likely to be invested in the Asian market.
Standard & Poor's ranks Hong Kong, Taiwan, Singapore and Korea as the top four countries likely to offer the best yield.
"We are bullish about Asian economies," S&P equity research product director Christopher Lee said.
The S&P advisory upgraded India's rating to neutral from underweight a year back.
The fund will have a cap of 15 per cent for each market and will have 50 global stocks for one of the plans of the fund.
"Plan A will invest 100 per cent in international stocks, while Plan B will have international stocks of 25 to 30 per cent and rest in domestic companies," Birla Sun Life AMC CEO Mukul K Gupta said.
"We are open for opportunities for more alliances and tie-ups with financial bodies like mutual funds and insurance companies of India," S&P equity research product director Christopher Lee said.
S&P Investment Advisory first tied up with Birla Mutual Fund for its International Equity Fund to advise it to invest in global markets.
Meanwhile, a large chunk of Birla Sun Life International Equity Fund corpus was likely to be invested in the Asian market.
Standard & Poor's ranks Hong Kong, Taiwan, Singapore and Korea as the top four countries likely to offer the best yield.
"We are bullish about Asian economies," S&P equity research product director Christopher Lee said.
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The S&P advisory upgraded India's rating to neutral from underweight a year back.
The fund will have a cap of 15 per cent for each market and will have 50 global stocks for one of the plans of the fund.
"Plan A will invest 100 per cent in international stocks, while Plan B will have international stocks of 25 to 30 per cent and rest in domestic companies," Birla Sun Life AMC CEO Mukul K Gupta said.
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