Swedish company Nordea Investment Management AB has partnered with ICICI Prudential AMC and launched Nordea 1 India Equity Fund in Europe.

ICICI Prudential AMC will provide advisory services to this fund.

The fund house already advises Nordea’s Indian assets of about $250 million.

Nordea is a large European financial services group with a market capitalisation of €24 Bn ($30 billion) and total assets of €716 billion ($895 billion).

(This article was published on July 5, 2012)
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