Wednesday, April 09, 2008

The new global tour package

Let’s talk about savings, overseas
They said diversification of funds would really help the investor in stabilising returns and getting higher returns. Perhaps ‘they’ (the pundits) never had an idea that when it comes to Indians, till the time someone smashes up an investment idea up their faces, nobody even twitches a muscle. And that is exactly what a number of fund houses in India are trying to do – basically provide Indian investors an experience of international investing. Reliance Mutual Fund is in talks with London-based fund house Schroders, Barclays and Royal Bank of Scotland to tie up on a reciprocal basis. “We are in talks with various potential foreign partners,” said the Reliance MF spokesperson, refraining to divulge further details. Tata Asset Management Company (AMC) is also in advanced talks with global fund houses and investment advisors in a similar attempt to offer global investment products, though the concept is new. Kotak MF has tied up with T Rowe Price (a US based investment management firm) to launch the Global Emerging Markets Equity Fund, allowing domestic investors to invest in global emerging markets. Having had no hands-on experience in investing in overseas market, UTI AMC has entered into an Investment Advisory Agreement with State Street Global Advisors Asia Limited (SSgA Asia) to launch the ‘Global Navigator Fund’.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2008

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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