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ICICI Prudential AMC partners with First trust advisors
January 17, 2022
ICICI Prudential Asset Management Company has entered into a partnership with the US-based First Trust Advisors, which is into actively managed exchange traded funds, to launch a slew of global fund of funds.
Under the agreement, ICICI Prudential AMC will initially launch an essential metal and energy equity fund of funds, which will invest into an offshore fund managed by First Trust Advisors, the AMC said in a statement on Friday.
Eric Anderson of First Trust said this will facilitate and allow Indian investors to their portfolios.
“We will be launching more such innovative fund strategies in India soon,” Anderson said.
“ICICI Prudential AMC aims to bring a many of First Trust’s innovative active and exchange-listed offerings to domestic investors, as a feature of our agreement to offer a few portfolios focus on global and thematic investing,” said Shamit Chokshi, head of international business at ICICI Prudential AMC.
The ICICI Prudential strategic metal and energy equity fund of funds will open for subcription on January 17 and will close on January 31.
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