India’s Tech Pulse: Ecosystem Harkat & the Shifting Investment Temperament
The Tech Panda examines the forces shaping ecosystem behaviour and investment sentiment in India.
Mutual Fund Launches Summit Equity Long-Short Fund
Invesco Mutual Fund announced its entry into Specialized Investment Fund (SIF) category under the brand name Summit SIF. Marking entry into SIF, it further announced launch of its first SIF investment strategy, the Summit Equity Long-Short Fund (An open ended equity investment strategy investing in listed equity and equity related instruments including limited short exposure in equity through derivative instruments).
Saurabh Nanavati, MD & CEO, Invesco Asset Management (India) Pvt. Ltd. said, “We are at an inflection point in Indian asset management. The SIF category gives experienced investors access to a level of portfolio flexibility that was previously the preserve of institutional capital. Summit SIF is our commitment to bringing specialized investment thinking to India’s next generation of wealth builders.”
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