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PineBridge Investments has launched an open-ended fund of funds scheme ‘PineBridge India-US equity fund, which will invest in one of its global fund, PineBridge US Large Cap Research Enhanced Fund.
The new fund offer, which will open for subscription from November 29, will close on December 13, 2013.
“Keeping in mind the strong fundamentals of the United States as an economy, this fund would be an ideal supplement to the existing range of exciting investment products from PineBridge Investments,” Managing Director of Head of Global Equities of PineBridge Investments, Robin Thorn said.
As per the company, the investment objective of the scheme is to provide long-term capital appreciation by investing in equity and equity-related securities of companies having assets, products or operations in the United States.
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