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Sovereign Wealth Funds Briefing - Categorized | Market

Fund houses set sail for tony global addresses

Posted on 10 September 2010

From Indiatimes.com: HDFC Mutual Fund is also looking to set up offices in the Gulf, after it received the mandate to advise Abu Dhabi Investment Authority (ADIA) on India investments.
“Selling mutual funds is becoming very difficult in India. The regulator has scalped our profit margins by a good measure; we are left with no option, but to approach overseas investors. We help these investors invest in Indian equities and real estate,” said the chief investment officer (CIO) of a bank-promoted fund house who spoke on the condition of anonymity……………………………………….Full Article: Source


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