Mumbai: AIG Global Asset Management Company is promising some distinct features in its products to be unveiled in India to give a sense of assurance to its investors. Parent AIG Global Investment Group, a Sebi-registered foreign institutional investor, will be putting its money in stocks, which are in the portfolio of its mutual fund arm. AIG Global will infuse in stocks it pick via its MF business. AIG would be unveiling its first equity diversified scheme, AIG India Equity Fund, very soon. The AMC has already filed its draft application with the Securities and Exchange Board of India and hopes to unveil the fund by May.
Fund houses will have to concentrate on global money management. Offering structured products, such as a global mid-cap fund, the managers need to have global product capability. AIG will be replicating its global research standards for the Indian business. Its equity platform for investment communications system brings its research analysts on a single platform. AIG Global AMC is among the slew of foreign funds, including Dawnay Day, JP Morgan, UBS, Nikko Asset, Korea's Mirae Asset, Credit Suisse, which have announced or entered India in recent months.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment