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
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