Since the domestic environment is adverse, mutual fund houses are touting international funds as a panacea.
Mirae Asset Management has launched its Global Commodity Stock Fund (NFO open from June 24 to July 23).
ING has launched its Latin America Equity Fund (NFO open from June 19 to July 10). The offer document for another, ING Global Access Fund, is filed with Sebi.
If these new fund offers receive a good response, more could follow to add to the 15 international funds already available in the market.
However, before capitulating to mutual fund houses’ hardsell and investing in these products, investors need to carefully examine their pros and cons.
LOOK BEFORE YOU INVEST ABROAD
Mirae Asset Global Investment Management (India) Pvt. Ltd.Mirae Asset Global Investment Management (India) Pvt. Ltd. is a wholly owned subsidiary of the Mirae Asset Financial Group head quartered in Seoul, South Korea. Globally, the diversified businesses of Mirae Asset Financial Group manage over USD 130 billion* in assets across asset management, life insurance, securities and capital & venture investment.
About ING Group:ING Group is a global financial institution of Dutch origin with 120,000 employees. ING offers banking, insurance and asset management to more than 60 million clients in over 50 countries. The clients are individuals, families, small businesses, large corporations, institutions and governments. ING comprises a broad spectrum of prominent businesses that increasingly serve their clients under the ING brand.
ING in India:In India, ING is present in all three fields of banking, insurance and asset management in the form of ING Vysya Bank, ING Vysya Life Insurance and ING Investment Management respectively. The presence in all three fields signifies the importance that the group attaches to the Indian markets and the group's operations here, as well as its bullish future outlook on the country.
ING Investment Management:In India ING Investment Management (I) Pvt Ltd has an investor base of over 1,52,677 with Rs. 5080.97 crores as of June 30th, ’07 (Source: www.amfiindia.com ). With a presence in 34 locations, we currently manage 21 schemes. Read more
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