Canada's Lawrence Asset Management has launched an open-ended mutual fund to encourage investors from the country to invest in India's equity market.
"Lawrence India Fund" is a long/short equity fund with a long bias that will invest most of its assets directly into Indian markets, providing investors with access to equity and debt securities of companies located and listed in India.
Lawrence Asset Management has partnered with Reliance Asset Management, Singapore, to provide the Fund with research, investment strategy advice and recommendations.
Reliance Asset Management is a wholly owned subsidiary of Reliance Capital Asset Management Limited, the largest asset management company in India managing over USD 20 billion in assets under management as of December 2007, according to release issued by Lawrence Asset Management.
"Given India's current economic trajectory and favourable demographics, it is projected to be one of the largest economies in the world within 25 years and will play a significantly larger role in global capital markets. We think now is the ideal time for Canadian investors to allocate a portion of their investment portfolio into the Indian equity markets," said Ravi Sood, President and COO of Lawrence Asset Management.
"Lawrence India Fund" is a long/short equity fund with a long bias that will invest most of its assets directly into Indian markets, providing investors with access to equity and debt securities of companies located and listed in India.
Lawrence Asset Management has partnered with Reliance Asset Management, Singapore, to provide the Fund with research, investment strategy advice and recommendations.
Reliance Asset Management is a wholly owned subsidiary of Reliance Capital Asset Management Limited, the largest asset management company in India managing over USD 20 billion in assets under management as of December 2007, according to release issued by Lawrence Asset Management.
"Given India's current economic trajectory and favourable demographics, it is projected to be one of the largest economies in the world within 25 years and will play a significantly larger role in global capital markets. We think now is the ideal time for Canadian investors to allocate a portion of their investment portfolio into the Indian equity markets," said Ravi Sood, President and COO of Lawrence Asset Management.
No comments:
Post a Comment