PREVIOUS
✖
First India-dedicated investment fund
May 19 , 2018
2253 days
895
0
- The Industrial and Commercial Bank of China (ICBC), a top state-run Chinese bank has launched China’s first India-dedicated publicly offered investment fund.
- The fund has been named as Industrial and Commercial Bank Credit Suisse India Market Fund. ICBC is the largest in the world with over $3.6 trillion in assets.
- The ICBC Credit Suisse Indian Market Fund (LOF) will invest in exchange-traded funds listed on more than 20 exchanges in Europe and US that are based on the Indian market.
- The fund opens the way for Chinese investors and provided a good tool for low-threshold investment in India.
Leave a Reply
Your Comment is awaiting moderation.