Wednesday, April 09, 2008

UTI Mutual Fund

Interestingly, all fund houses seem to have suddenly found the strategy of having products to encourage investments abroad. Sandesh Kirkire, Chief Executive, Kotak AMC, affirms, “These are new asset class looking at different economies, so that your returns and your assets are not exposed to only one economy. You get different exposures to different economies of the world now. You can buy equity in India; you can also buy equity in Russia and also in Brazil. Returns of different markets differ. These are steps in the direction of capital account convertibility.” R. Raja, Senior Vice President, UTI AMC, holds similar views, “An Indian investor gets an opportunity to access global markets, especially equity markets by investing in these funds. He can diversify across countries thereby reducing the country risk of his investments.” Mr. Raja, it all seems so far so good. But did you not forget a sweet little point? Till now, we had to simply worry about the travails being suffered in one economy. Now, there’ll be many more, too many more!

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Source : IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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