New Mutual Fund Offers U.S. Investors Access To India With On-Site Partner

Wednesday, May 11, 2011 07:15
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New Mutual Fund Offers U.S. Investors Access To India With On-Site Partner

BlackRock Inc. has launched a new fund for U.S. investors based on its successful India fund for offshore investors.

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The BlackRock India Fund will leverage the firm’s joint venture with Mumbai-based DSP BlackRock Investment Managers Pvt. Ltd., which advises a similar fund for offshore investors, the BGF India Fund.


“We believe India’s strong growth and diversity of investment themes presents an exciting opportunity for investors over the medium- to long-term,” said S. Naganath, president and chief investment officer of DSP BlackRock Investment Managers.
 

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