Birla Sun Life launces International Equity Fund

Chennai, Sep 18 (UNI) Birla Sun Life Management Company today announced the launch of a new 'Birla Sun Life International Equity Fund'.

The NFO for this open-ended diversified equity scheme would open on September 17. The scheme had two plans viz investments in diversified portfolio of international stocks from across the world, and investments in a mix of domestic stocks (65 to 75 per cent) and itnernational stocks (25 to 35 per cent), company CEO Mukul Gupta told newspersons here.

To design a model portfolio of international stocks, the company would use standard and poor's equity research's proprietary stock appreciation ranking systems, he added.

The fund could buy the potentially high performing stock from anywhere in the world, he said, adding the efficacy of this methodology would lie in the fact that US stocks, ranked four stars and five stars, had consistently outperformed the benchmark S and P index over one, three and five year horizon.

Mr Gupta said, ''our model is based on rigorous equity research done by an independent financial services organisation, in this case its done on standard and poor's.'' ''This enable us to leverage the experience of standard and poor's, a 100 plus strong equity research analyst team worldwide and their stars stock ranking methodology,'' he pointed out.

UNI