Business Daily from THE HINDU group of publications
Tuesday, Mar 06, 2007
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Business Daily from THE HINDU group of publications Tuesday, Mar 06, 2007 ePaper |
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Markets
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New Fund Offer Our Bureau
Mr Romesh Sobti (right), Chairman, ABN Amro Asset Management, with Mr Nikhil Johri, Managing Director, at a press conference to announce the launch of Sustainable Development Fund in Mumbai on Monday. - Paul Noronha
The fund will choose from S&P CNX 500 companies filtered by CRISIL using an environmental, social and corporate governance (ESG) template based on public disclosures. The ABN Amro Mutual Fund will then financially analyse the stocks before investing in them. Mr Nikhil Johri, Managing Director, ABN Amro Asset Management India, said: "the fund seeks to invest in companies that are socially responsible and financially viable at the same time; it makes it an ideal scenario for an investor". The new fund offer opened today and will close on March 30. The investment objective of the fund is to generate long-term capital growth from an actively managed portfolio of equity and equity related securities. The scheme offers regular plans with growth and dividend options.
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