Sundaram Mutual has announced the launch of its new scheme, the Sundaram World Brand Fund, a five-year closed-ended equity scheme. The fund aims to invest 65 per cent to 100 per cent of the scheme’s assets under management (AUMs) in equity securities listed on stock exchanges across the world.
The equity securities of world’s strong brands and those with the potential to become globally recognised brands will be targeted for investments under this scheme.
For investment in international securities, Sundaram Asset Management Company (AMC) has entered into an agreement with Sundaram AMC Singapore to act as investment advisors. The new fund offer (NFO) opens for the subscription on November 20, and closes on December 02, 2014.
Harsha Viji, Managing Director, Sundaram Mutual, said in a statement “We believe there are opportunities to invest in strong brands across markets and in all market conditions. Sundaram Mutual is known for unearthing these opportunities. With our research-based approach, we are ideally positioned to unearth these stocks for our investors. Sundaram World Brand Fund is intended as a wealth building tool for investors.”
Sunil Subramaniam, Deputy CEO, Sundaram Mutual, said Sundaram World Brand Fund would consistently target investment opportunities offered by strong brands across the world.
