Business Daily from THE HINDU group of publications
Wednesday, Jul 04, 2007
ePaper
Business Daily from THE HINDU group of publications Wednesday, Jul 04, 2007 ePaper |
|
|
|
|
|
|
|
Markets
-
New Fund Offer
Nilanjan Dey
Kolkata, July 3
Kotak Mahindra MF, which has recently tied up with T. Rowe Price, expects to roll out its feeder product shortly. The two had announced the agreement in February. T. Rowe Price, set up in the 1930s, had over $330 billion under management at the end of last year. “We intend to tap investors’ interest in international funds. This trend will become firmer in the days ahead,” said Mr Sandesh Kirkire, CEO, Kotak MF, adding that the relationship with the foreign partner will have to be built over time. The proposed fund will invest in the Luxembourg-domiciled T. Rowe Price Funds SICAV – Global Emerging Markets Equity Fund. The latter has a diversified portfolio, a made up of companies that are associated with economies in Asia, Latin America, West Asia and the like. It will be benchmarked against the MSCI Emerging Markets Index.
Related Stories: More Stories on : New Fund Offer
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2007, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|