Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Mutual Funds

| More

Ashburton Investments to merge India Equity Opportunities Fund with IIFL AMC's fund

Posted On: 2017-12-07 00:51:57

Ashburton Investments, the asset management arm of the FirstRand group and IIFL Asset Management (IIFL AMC) have signed binding agreements to merge the Ashburton India Equity Opportunities Fund* into the IIFL India Equity Opportunities Fund* (UCIT's based in Luxemburg). The merger is subject to all necessary regulatory and board approvals. Investors can continue to access the fund as normal and no action is required from existing investors.

Jonathan Schiessl, Chief Investment Officer (International), Ashburton Investments, who has been managing the Ashburton India Equity Opportunities Fund since its launch in 2012, will continue to manage the merged fund. He will join IIFL AMC as CIO and Lead Fund Manager of the merged fund with Swati Jain joining as Head: Institutional Sales to continue distribution of the strategy to international investors.

Commenting on the development, Jonathan Schiessl, said, "We are very excited about this development and I expect the fund to grow from strength to strength following this agreement. This is a highly positive collaboration, not just for Ashburton and IIFL AMC, but more so for global clients who will benefit from the infrastructure and depth of India research that the IIFL group brings on board."

Amit Shah, CEO, IIFL Asset Management Business, said, "Global investors continue to increasingly look at India. Our AMC is indeed uniquely Indian and undeniably global and we continue to bring on board the best minds in the investing community from not just in India but different parts of the world. With Jonathan's successful track record especially in his India approach, we are sure he will add significant value for investors."

Boshoff Grobler, CEO, Ashburton Investments, said, "We truly believe that this collaboration between Ashburton Investments and IIFL AMC will further deliver on our promise to our clients - bringing them access to more. We were one of the first investment managers to give African investors access to investments into the fast growing and changing economy that is India. With our new partners IIFL AMC, we believe that our clients will experience even deeper and broader access to the Indian equity markets."


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

BOI AXA MIDCAP TAX FUND - Series 1 NFO Closes on 9 February, 2018
Bharat 22 is a good investment option for individual investors: Angel Broking
Indiabulls Mutual Fund Launches Tax Savings Fund
Angel Broking's ARQ Mutual Fund recommendations outperforms Index
Ambit Alpha Fund crosses INR 1,000 crore in AUM
DSP BlackRock launches DSP BlackRock Equity Savings Fund, NFO opens on March 8, 2016
Birla Sun Life Mutual Fund introduces 100% paperless, Aadhaar-based eKYC
Axis MF launches Axis Children's Gift Fund, an open-ended balanced scheme
Motilal Oswal MOSt Shares Gold Exchange Traded Fund Fixes Record Date for Winding up of the Scheme
Kotak Tax Saver Fund announces Dividend of Rs. 0.10
Kotak Bond Short Term Plan announces Dividend
ICICI Prudential Mutual Fund launches an open ended equity fund
BSE StAR MF crosses turnover of Rs. 282 crore
Goldman Sachs Nifty Exchange Traded Scheme (NIFTY BEES) Board approves Dividend of Rs. 7
Goldman Sachs Banking Index Exchange Traded Scheme (BANK BEES) Board approves Dividend of Rs. 11
Goldman Sachs S&P CNX Nifty Shariah Index Exchange Traded Scheme (SHARIA BEES) Board approves Dividend of Rs. 2
Goldman Sachs Nifty Junior Exchange Traded Scheme (JUNIOR BEES) Board approves Dividend of Rs. 1
SHARIA BEES Board Meeting on Feb 24, 2014 to consider Dividend
BANK BEES to announce dividend on Feb 24, 2014
NIFTY BEES Board Meeting on Feb 24, 2014 to consider Dividend
JUNIOR BEES to consider dividend on Feb 24, 2014
MF assets reach all-time high of Rs. 8.68 trillion in May - SMC Global
IIFL Mutual Fund launches IIFL Dynamic Bond Fund NFO Opens on June 6, 2013; Closes on June 17, 2013
Religare Mutual Fund will now be Religare Invesco Mutual Fund
IL&FS Infrastructure Debt Fund to purchase Infra loans from 8 Banks
BNP Paribas Government Securities Fund - NFO Note - HDFC Securities
Goldman Sachs Nifty Exchange Traded Scheme Board recommends Dividend if Rs. 7.50
Goldman Sachs Banking Index Exchange Traded Scheme recommends Dividend of Rs. 18
Indiabulls Mutual Fund launches Indiabulls Income Fund
Sahara Banking & Financial Services Fund declares Tax-Free Dividend of Rs.2.50
Indiabulls Mutual Fund garners Rs.100 Crore from Gilt Fund NFO
Inflows to ETFs rose by 2.75% during November 2012 - HDFC Securities
IDBI Gilt Fund - NFO Note - HDFC Securities
Tata Mutual Fund launches Tata Capital Protection Oriented Fund - Series II
Axis Mutual Fund launches Axis Focused 25 Fund
Make a Golden beginning with Gold ETF on Akshaya Tritiya
Goldman Sachs Banking Index Exchange Traded Scheme Board recommends Dividend of Rs.11
Goldman Sachs Nifty Exchange Traded Scheme Board recommends Dividend of Rs.10
Gold ETF - A smart way to Invest - Geojit BNP Paribas
Religare Mutual Fund unveils Religare Gold Fund
Religare Mutual Fund unveils Religare Nifty Exchange Traded Fund
Religare MF declares Rs.0.75 dividend under Religare Tax Plan
ICICI Prudential Tax Plan declares dividend of Rs.2
Religare Mutual Fund unveils Religare Medium Term Bond Fund
Karvy Computershare Mutual Fund services launches "K-ATOM" to provide MF services to investors on mobile phones
UTI Mutual Fund launches SIP investments via NSE - MFSS platform
Birla Sun Life 95 Fund-Plan A declares 75% dividend
Birla Sun Life Equity Fund-Plan A declares 50% dividend
Birla Sun Life Top 100 Fund declares 10% dividend
Kotak Select Focus Fund announces dividend of Rs.1.25


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2018