Aditya Birla Global Real Estate Fund To Invest In US stocks
Aditya Birla Sun Life Global Real Estate Fund is to be recast as Aditya Birla Sun Life Global Excellence Equity Fund and will now feed into the Julius Baer Global Excellence Equity Fund, an equity fund investing primarily in US stocks with technology (27%), healthcare (17.2%) and consumer cyclicals (11.7%) as its largest sectoral allocations. The changes will take effect from 12 February. The benchmark of the scheme will also change from the 10/40 GPR 250 Global (Net Index), a real estate index, to the diversified MSCI World Index. The Aditya Birla Sun Life move comes even as other AMCs are eyeing the global real estate market. Kotak Mahindra Asset Management Co. Ltd launched a feeder fund investing in Real Estate Investment Trusts (REITs) in markets such as Singapore and Australia on 29 December 2020.
Tags : INTERNATIONAL invest US stocks Global Real Estate Fund Aditya Birla Sun Life