ING IM achieves record asset growth of Rs 1000 cr in 15 months
ING IM aims to manage Rs 1500 crore under Quant Strategies by end of the current financial year 2010-11 as compared to Rs 350 crore AUM at the beginning of the current financial year.
By Agencies |
MUMBAI: ING Investment Management (ING IM), an Indian arm of ING Group, has announced that Quant Strategies introduced under its PMS (Portfolio Management Services) arm have added a record Rs 1000 crore Assets under Management (AUM) in just 15 months.
Considered amongst leading PMS providers in the Indian Asset Management Industry, ING IM aims to manage Rs 1500 crore under Quant Strategies by end of the current financial year 2010-11 as compared to Rs 350 crore AUM at the beginning of the current financial year.
Navin Suri, MD & CEO of ING IM India, said, “This is the first time in India HNIs have demonstrated such high levels of interest in Quantitative style of investing. Aside from a healthy performance, I think it is the discipline and sans-emotion style of investing that they have shown preference for over traditional style of investing. We are delighted to cross the Rs.1000 crore mark and believe we have laid a firm foundation for more industry players to launch such products in the future.” Mr. Suri added that future growth will also come from overseas as the company makes these strategies available offshore. Recently, ING started marketing products through Mauritius and has collected nearly Rs. 50 crore.
Currently, ING IM offers 3 Quant Strategies in India, ING Large Cap Quant Equity Portfolio, ING India BSE-200 Quant Equity Portfolio and ING ADAPT. ING ADAPT is an asset allocation strategy investing in 4 different asset classes offering portfolios catering to 5 different risk appetites.
Quant fund managers follow a set of mathematical techniques to evaluate risk, pricing and timing in financial markets, unlike those following fundamental and technical analysis that largely depend on subjective calls. ING IM introduced quant strategies investing in local shares under its PMS arm, ING Private.
Considered amongst leading PMS providers in the Indian Asset Management Industry, ING IM aims to manage Rs 1500 crore under Quant Strategies by end of the current financial year 2010-11 as compared to Rs 350 crore AUM at the beginning of the current financial year.
Navin Suri, MD & CEO of ING IM India, said, “This is the first time in India HNIs have demonstrated such high levels of interest in Quantitative style of investing. Aside from a healthy performance, I think it is the discipline and sans-emotion style of investing that they have shown preference for over traditional style of investing. We are delighted to cross the Rs.1000 crore mark and believe we have laid a firm foundation for more industry players to launch such products in the future.” Mr. Suri added that future growth will also come from overseas as the company makes these strategies available offshore. Recently, ING started marketing products through Mauritius and has collected nearly Rs. 50 crore.
Currently, ING IM offers 3 Quant Strategies in India, ING Large Cap Quant Equity Portfolio, ING India BSE-200 Quant Equity Portfolio and ING ADAPT. ING ADAPT is an asset allocation strategy investing in 4 different asset classes offering portfolios catering to 5 different risk appetites.
Quant fund managers follow a set of mathematical techniques to evaluate risk, pricing and timing in financial markets, unlike those following fundamental and technical analysis that largely depend on subjective calls. ING IM introduced quant strategies investing in local shares under its PMS arm, ING Private.
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