ABN AMRO MF to launch Indo-China equity Fund.
ABN AMRO Asset Management (India) Ltd launched an equity fund on September 3, 07 that would primarily invest in domestic and Chinese markets.
ABN AMRO Chindia Fund would invest 65-75% of the assets in Indian equities and 25-35% in Chinese equities.
The fund can also invest up to 10% of the assets in debt, money market instruments and stocks from countries other than India and China, the fund house said. The fund would charge an entry load of 2.5% on investment of less than Rs 50 million and none above that.
The fund house managed assets worth about Rs 71 billion at the end of July.