Sundaram MF announced the opening of the Sundaram Global Brand Fund, which was formerly known as Sundaram Global Advantage Fund, for subscription on Nov 21.
This newly positioned fund aims to provide investors an opportunity to participate in international equities and indirectly own some of the leading brands of the world, according to the press release of Sundaram MF.
This is a fund of fund scheme which will invest as a feeder fund into Sundaram Global Brand Fund, Singapore launched and managed by Sundaram Asset Management Pte, a fully owned subsidiary of Sundaram Asset Management Company.
The fund has a 30-stock portfolio and the current top 10 holdings are Apple, Amazon, McDonalds, Walt Disney, Coca Cola, Procter & Gamble, Microsoft, Alphabet Inc., IBM and Toyota Motor Corp.
Commenting on the rebranded fund, Sunil Subramaniam, MD, Sundaram MF said, “At Sundaram Mutual, we have continually strived to create innovative products that can add value in your wealth creation journey. Sundaram Global Brand Fund is one more such innovation. The fund invests in leading global brands that we use every day, companies characterized by strong financials and solid business models that have stood the test of time. While we consume products and services of these companies, the fund is also an opportunity for investors to benefit from their growth.”
The international fund is managed by Anish Mathew, CIO at Sundaram Asset Management Pte Singapore. The fund managers for domestic feeder fund are S. Krishnakumar, CIO-Equity and Rohit Seksaria, Fund Manager.
The performance of the feeder scheme will be benchmarked against the Dow Jones Industrial Average.
