MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, July 10, 2008 India Attracts Yet More Fund Firms The scramble among fund firms for a piece of the Indian market continues. The Wall Street Journal's Mark Cobley rounded up announcements from three Western-headquartered investment managers over the past few days in the Thursday edition of the Fund Track column. The local joint-venture business of AXA debuted its first two mutual funds in India on Tuesday. On the same day, Deutsche Bank elevated Suresh Soni, chief investment officer of its $2.6 billion Indian asset management business, to chief executive. Soni's predecessor, Vijay Mantri, is now chief executive of a joint venture between Prudential Financial and Indian real-estate firm DLF Group. A day earlier, Pioneer Global Asset Management put up a fund joint venture with India's Bank of Baroda. The other portion of the Fund Track column, penned by Daisy Maxey, was about four Nuveen Investments municipal funds planning to offer a new form of security backed by Deutsche Bank. The security is aimed at helping those who were locked in auction rate preferred securities. Printed from: MFWire.com/story.asp?s=18756 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |