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Rating:Greenwich Advisors to Launch India Fund Not Rated 2.8 Email Routing List Email & Route  Print Print
Wednesday, August 01, 2007

Greenwich Advisors to Launch India Fund

News summary by MFWire's editors

Greenwich Advisors have launched the Greenwich Advisors India Select Fund, designed to capitalize on emerging growth opportunities stemming from India's economic expansion. Greenwich tapped the State Bank of India Funds Management Private Limited as sub-advisor, pointing to the Indian asset management firm's ability to provide active, on-the-ground research and analysis in India. Both retail and institutional shares of the new fund will be available.


Greenwich Advisors, LLC, the asset management company, today announced the launch of the Greenwich Advisors India Select Fund, an open-ended fund that seeks to capitalize on emerging growth opportunities stemming from India's economic expansion. The fund is open to direct investment by North American institutional and retail investors and focuses on long-term capital appreciation. Greenwich Advisors India Select Fund invests in a diversified portfolio consisting of companies from key sectors that are expected to drive India's rapid economic growth over the next decade and beyond.

Greenwich Advisors, the fund's advisor, has engaged State Bank of India Funds Management Private Limited (SBI FM), as sub-advisor to provide active, on-the-ground research and analysis in India. The sub-advisor will provide a team of nearly 300 investment and other professionals who bring deep research expertise and broad-based sector knowledge of Indian companies and the country's financial markets. SBI FM is one of the largest and oldest asset management companies in India, with more than 19 years of investment experience and assets of approximately $6 billion, of which $4.02 billion are equity assets.

"We believe that the Greenwich Advisors India Select Fund brings new and exciting opportunities to North American investors to participate directly in India's economic expansion," said Suhas Kundapoor, Managing Director and portfolio manager of Greenwich Advisors. "Our large, on-the-ground team of analysts and portfolio managers in India gives Greenwich Advisors the unique ability to identify investment opportunities among Indian companies with high growth potential and the ability to better adapt our portfolio to take advantage of market developments."

"The team at Greenwich Advisors has a strong track record in investment management and financial services, and we are delighted to support them in our first venture into the US markets," said Aashish Wakankar, Vice President & Fund Manager of SBI FM. "The India Select fund may be appropriate for North American investors who want to diversify their portfolios and capitalize on the country's strong potential for growth and high returns. India's GDP growth has accelerated, and its emerging middle class and consumer culture helps stabilize the country's economic growth relative to other developing nations."

About the Fund

The portfolio for the India Select Fund typically consists of between 25 and 40 stocks, with most stocks held for at least one year. It focuses on sectors that may include software, pharmaceuticals, retail, infrastructure, real estate, manufacturing, banking, energy, telecommunication, metals and minerals.

Greenwich Advisors follows a disciplined investment philosophy, focusing on long-term capital appreciation. To achieve this goal, Greenwich Advisors India Select Fund invests in companies we believe to have exceptional growth prospects at a reasonable price, with a view to providing excellent long-term returns. The fund will have a growth bias, primarily investing in larger Indian companies, but may invest in smaller and mid-sized companies if the right opportunities are available.

SBI FM is a joint venture between State Bank of India, India's largest bank, and Societe Generale Asset Management.

About Greenwich Advisors

Greenwich Advisors, LLC, is an Asset Management Company founded in 2006 and serves both individual and institutional clients. Greenwich Advisors partners with respected and experienced local market experts in emerging markets who bring on-the-ground resources and sector-specific knowledge to support the investment strategy, which seeks long-term capital appreciation in diversified portfolios.

Greenwich Advisors, LLC is the investment advisor to the fund. SBI Funds Management Private Ltd serves as the sub-advisor. The fund is distributed through Foreside Distribution Services, L.P. None of the above parties are affiliated with each other.

An investment in the Fund entails the special risks of international investing, including currency exchange fluctuation, government regulations, and the potential for political and economic instability. Emerging markets may be subject to additional risks not associated with more developed countries. The Fund's share price is expected to be more volatile than that of a US only fund.

An investor should consider the investment objectives, risks, charges and expenses of the Greenwich Advisors India Select Fund carefully before investing or sending money. The prospectus contains this and other information about the Fund. To obtain a prospectus, please call 1(866) 667-8733 or go to the website http://www.greenwichadvisorsfund.com. The prospectus should be read carefully before investing.

The Fund is a new investment with limited investment history, and there is no guarantee that it will achieve its investment objectives.

The securities markets in the India region are substantially smaller, less liquid and more volatile than the major securities markets in the United States. The value of Fund shares will be affected by political, economic, fiscal, regulatory or other developments in the Indian subcontinent and particularly India, as well as fluctuations in currency exchange rates. The value of Fund shares also is sensitive to stock market volatility. 

Edited by: Erin Kello


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