ICICI Prudential Finds a New Route for Indian Investors

Published: Sep 7, 2013

The financial markets generate a lot of number on a per second basis. There are people who have made it a profession to convert this information into trends, buy-sell signals, charts and pivot tables. Over the last 18 years of financial journalism, I have realised that every number has a story to tell. And these numbers as a trend normally never lie. I am forever looking for these trends.

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.)

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