Nippon India Mutual Fund has entered into an agreement with Taiwan based asset manager Cathay Site to distribute each other’s product in their respective markets.
With this, Nippon India MF and Cathay Site will work exclusively with each other and use their expertise to explore areas for developing, managing, marketing and distributing each other’s investment products in India and Taiwan. Both companies will seek to develop and explore business opportunities in active and passive strategies and leveraging upon their distribution reach in India and Taiwan, said the company press release.
Nippon India MF’s ED and CEO, Sundeep Sikka, said, “Cathay’s reach and breadth of products offerings will enable Indian investors to have much needed diversification out of their local market by providing access to a sophisticated, technology heavy market. This exclusive partnership would enable Indian investors to partake of a unique high technology, high growth market and diversify the basket of products available, which they can choose from as per their investment appetite”, Sikka said.
Cathay SITE manages AUM of $26.76 billion.
