The Hindu Business Line : Almondz Global launches PMS

Mumbai, Jan. 9 Almondz Global Securities Ltd (AGSL), one of leading financial services intermediaries, on Wednesday launched a discretionary portfolio management service (PMS) — Compounding Growth Portfolio (CGP) — in association with the UK-based Commander Asset Management Ltd.

The launch comes close on the heels of AGSL signing an advisory agreement with Commander Asset Management as its investment advisor to bring world-class PMS to Indian investors.

Investment model

A unique feature of the open-ended CGP is that trades in equities will be driven by a computerised algorithm in order to provide enhanced returns with a reduced risk profile compared with the market.

The effectiveness of this investment model can be gauged by the fact that real-time simulation in calendar year 2007 resulted in a portfolio return of 60.20 per cent compared with the BSE Sensex return of 47.10 per cent.

The minimum investment threshold to start a PMS account (CGP) with Almondz has been fixed at Rs 25 lakh. The CGP will create a diversified portfolio of 50 broadly equal weighted liquid, large cap Indian equities so as to generate a positive alpha.

Besides assigning dedicated relationship managers to clients subscribing to CGP services, Almondz will also provide value-added services like weekly portfolio update via e-mail, market commentary, annual audited financials of the client’s portfolio, short-term and long-term gains report.