ICICI Prudential Finds a New Route for Indian Investors

Published: Sep 7, 2013 06:31:13 AM IST
Updated: Sep 4, 2013 01:51:23 PM IST
ICICI Prudential Finds a New Route for Indian Investors
Allan Polack, CEO, Nordea

ICICI Prudential Mutual Fund is starting a fund that will invest in Nordea Global Stable Equity Fund, a leading investment manager in the Nordic region. The idea is to give Indian investors exposure to value stocks globally. According to Morningstar, a company that tracks mutual funds, Nordea, which manages $170 billion, has returned 20.2 percent for 2013 as against a category average of 7.5 percent.

“We are looking at providing long-term stable returns by investing in stable equity stocks across the world. It will help Indian investors diversify their portfolio across the globe,” says Allan Polack, CEO, Nordea. Over the last year, Indians who invested in global markets through feeder funds made returns of around 40-50 percent, while Indian equities barely delivered 2.5 percent.

(This story appears in the 20 September, 2013 issue of Forbes India. You can buy our tablet version from Magzter.com. To visit our Archives, click here.)

Show More
Post Your Comment
Required
Required, will not be published
All comments are moderated
Gold Continues to be a Safe Haven
The Biggest Thefts in History