Nippon India Mutual Fund to offer Taiwan’s Cathay Site MF’s products in India
Nippon India Mutual Fund (MF) has
entered into an agreement with Taiwan based asset manager Cathay Site to
distribute each other’s product in their respective markets.
With this, Nippon India MF &
Cathay Site will work exclusively with each other and use their expertise to
explore areas for developing, managing, marketing & distributing each
other’s investment products in India and Taiwan.
Both companies will seek to develop and explore business opportunities in active and passive strategies and leveraging upon their distribution reach in India and Taiwan, said the company press release.
Nippon India MF’s ED and CEO, Mr. Sundeep
Sikka, said, “Cathay’s reach and breadth of products offerings will enable
Indian investors to have much needed diversification out of their local market
by providing access to a sophisticated, technology heavy market. This exclusive
partnership would enable Indian investors to partake of a unique high technology,
high growth market and diversify the basket of products available, which they
can choose from as per their investment appetite”
Cathay SITE manages AUM of about
$26.76 billion.
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