The Hindu Business Line : Sundaram BNP Paribas launches Global Advantage fund

Mumbai, July 16 Sundaram BNP Paribas Mutual has launched Sundaram BNP Paribas Global Advantage fund which will invest up to 100 per cent of its funds in global assets.

Sundaram BNP Paribas Global Advantage will be an open-ended Fund of Funds structure investing in mutual fund units and exchange-traded funds (ETF’s) tracking the emerging markets, commodities, and real estate spaces.

The new fund offer opens on July 16 and closes on July 31.

Sundaram BNP Paribas Global Advantage may pursue a diversified investment style in terms of country choice, fund selection, sector selection, stock selection, and buy or sell decisions.

The US, Mexico, Hungary, Poland, Russia, Turkey, Argentina, Brazil, Chile, Venezuela, China, Malaysia, Indonesia, Thailand, South Africa, France and UK are some countries, including India, where Sundaram BNP Paribas Global Advantage may look at investing in the mutual funds and exchange traded funds.

Objective

Sundaram BNP Paribas Global Advantage’s primary investment objective is to achieve capital appreciation by investing in units of overseas mutual funds, exchange traded funds, and domestic money market instruments.

The performance of Sundaram BNP Paribas Global Advantage will be benchmarked to the MSCI (Morgan Stanley Capital International) Emerging Markets Index.

The fund will invest 85-100 per cent of its corpus in units of mutual funds and exchange-traded funds listed on overseas stock exchanges and 0-15 per cent in domestic money market instruments.

“Global markets provide a range of investment opportunities tracking multiple asset classes that may not be available in India.

“Overseas financial assets provide Indian investors a good avenue to diversify their portfolio,” said Mr N. Prasad, Chief Investment Officer, Sundaram BNP Paribas Mutual.

The minimum application amount will be Rs 5,000 and the fund will provide Growth and Dividend options.