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19 May 2019, 12:41 HRS IST
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  • PTI
  • Press Release


Source:IIFL Asset Management
Category:Business and Finance
Launch of IIFL India Equity Opportunities Fund (UCITS Fund Based in Luxembourg)
12/02/2019

 Launch of IIFL India Equity Opportunities Fund (UCITS Fund Based in Luxembourg)

 
Mumbai, Maharashtra, India – Business Wire India
 
IIFL Asset Management (IIFL AMC) is pleased to announce the launch of its first Luxembourg domiciled UCITS Fund, IIFL India Equity Opportunities Fund (‘IIFL Fund’) by virtue of merger of Ashburton India Equity Opportunities Fund into IIFL Fund. Pursuant to this, IIFL Fund has commenced its operations with $75mn in assets under management, effective January 29, 2019, with IIFL Capital Pte Ltd, Singapore being its Investment Manager.
 
Anup Maheshwari, Joint-CEO and CIO, IIFL Asset Management, said, “I am confident that Jonathan’s investment style of investing in high conviction stocks with a strong focus on quality will continue to resonate with International Investors. It is very complementary to the overall investment philosophy at IIFL AMC as well.” 
 
Jonathan Schiessl, Fund Manager, said, “I am very excited to continue managing the merged IIFL Fund under IIFL AMC. With IIFL AMC and its deep understanding of the Indian market, I am confident that clients of the IIFL fund will benefit immensely.” 
 
The IIFL Fund is registered for sale in UK, Switzerland, Finland, Norway, Luxembourg, Singapore and South Africa. Further information can be found on https://www.iiflamc.com/international 
 
About IIFL Asset Management Business
 
IIFL Asset Management (IIFL AMC) is part of IIFL Investment Managers. IIFL Asset Management refers to licensed asset management activity carried out by IIFL Investment Managers through its group companies based in Singapore, India and Mauritius. IIFL AMC is an asset management firm, launched with an objective of providing differentiated investment products suited for the market environment. The AMC’s differentiated suite includes mutual funds, Portfolio Management Services, advisory, alternative investment funds spanning across public and private equities, fixed income securities and real estate. Its distinctive products bring out the entrepreneurial edge, agility and speed of execution of a boutique asset management firm.
 
About IIFL India Equity Opportunities Fund
 
IIFL India Equity Opportunities Fund, is a sub-fund of IIFL Fund, a UCITS in the form of an open-ended investment company (sociétéd’investissement à capital variable) incorporated as a sociétéanonyme, domiciled in Luxembourg, structured as an umbrella fund comprising multiple sub-funds. IIFL Capital Pte. Ltd. (an asset management company based in Singapore) is the Investment Manager to IIFL India Equity Opportunities Fund.
 
(Disclaimer: The above press release comes to you under an arrangement with Business Wire India.PTI takes no editorial responsibility for the same).
CONTACT:
Media contact details:
Anil Mascarenhas, Senior VP - Communications, IIFL Asset Management, +91-9967576026, Anil.mascarenhas@iiflw.com
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