Birla Sunlife declares new international equity fund

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Jaipur, Sep 15: Birla Sun Life Asset Management Company Ltd today announced the launch of new fund 'Birla Sun Life International Equity Fund'.

The NFO for this open ended diversified equity scheme opens on September 17.

Addressing a press conference here today Preet Singh, Head Institutional Sales, said ''the new fund is diversified equity fund that has two plans. Plan A would invest a portfolio of international stocks from across the world while Plan B would be a mix of domestic stocks (65-75 per cent) and international stocks (25-35 per cent)''.

Mr Singh said the company has engaged the investment advisory services arm of Standard&Poor's , Standard&Poors Investment Advisory Services LLC (SPAS) to design a model portfolio of internaional stocks.

He said the fund would buy the potentially high performing stocks from any sector anywhere in the world.

Mr Singh said Birla Sun Life International Equity Fund is a unique offering to the investors. ''The fund will invest in a growth oriented portfolio of stocks from across the world. The fund does not have any geographical or market cap bias and is based on a rigorous equity research done by an independent financial services organisation''.

UNI

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