ABN-Amro Mutual Fund has filed with the capital markets regulator, Securities & Exchange Board of India (Sebi), for a scheme that will invest in real estate companies and leading property companies worldwide.
The ABN-Amro Global Property (India) Equity Fund, which awaits the regulator’s nod, will invest in foreign equity and equity-related securities through ABN–Amro’s Luxembourg-based ABN-Amro Global Property Equity Fund. The latter is a diversified, actively managed fund mainly investing in realty companies and top property companies across the globe.
In its filings, ABN-Amro said, the portfolio would invest in stocks of different countries, but the investment manager of the proposed scheme would ensure that the exposure to each country was limited so that the portfolio was not exposed to one country.
Read more in The Business Standard article
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