KUALA LUMPUR, Feb 12 (Bernama) – IIFL Asset Management (IIFL AMC) has launched its first Luxembourg domiciled UCITS Fund, IIFL India Equity Opportunities Fund (IIFL Fund), by virtue of Ashburton India Equity Opportunities Fund merging into IIFL Fund.
Pursuant to this, IIFL Fund has commenced operations with US$75 million in assets under management, effective Jan 29, with IIFL Capital Pte. Ltd., Singapore as investment manager. (US$1 = RM4.08).
IIFL AMC joint chief executive officer and chief investment officer, Anup Maheshwari expressed confidence with fund manager, Jonathan Schiessl’s investment style in high conviction stocks and strong focus on quality to continuously resonate with international investors. It was very complementary to the overall investment philosophy at IIFL AMC, as well, he said.
Meanwhile, Schiessl said in a statement he was very excited to continue managing the merged IIFL Fund under IIFL AMC, noting that with IIFL AMC and its deep understanding of the Indian market, the fund’s clients would benefit immensely.
The IIFL Fund is registered for sale in the United Kingdom, Switzerland, Finland, Norway, Luxembourg, Singapore and South Africa.
IIFL AMC is part of IIFL Investment Managers. IIFL AMC refers to licensed asset management activity carried out through its group companies based in Singapore, India and Mauritius.
IIFL AMC is an asset management firm, launched with the objective of providing differentiated investment products suited for market environment.
IIFL India Equity Opportunities Fund is a sub-fund of IIFL Fund – a UCITS in the form of an open-ended investment company incorporated as a société anonyme, domiciled in Luxembourg, structured as an umbrella fund comprising multiple sub-funds.
Further information at https://www.iiflamc.com/international
-- BERNAMA
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