|
|
Article: SBI Asset Management Launches India & Vietnam Mutual Fund With State Bank of India Mutual Fund.
- Article from:
- Business Wire
- Article date:
- June 14, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
TOKYO -- SBI Asset Management (SBIAM), a part of SBI Holdings (TOKYO:8473), has established an investment trust called SBI India & Vietnam Stock Fund through an alliance with SBI Funds Management Pvt. Ltd., a subsidiary of State Bank of India, the largest commercial bank in India. SBIAM will act as fund manager and SBI Funds Management will be responsible for managing part of the assets to be invested in listed companies across India.
A division of SBI Holdings, Inc. and The State Bank of India had earlier reached an agreement on August 9, 2006 to establish a $100 million venture capital fund targeting promising private companies in India. The SBI India & Vietnam ...