| Date:
20/09/2011
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| Global mutual funds put up a mixed show. |
| Global mutual funds offered to Indian investors are touted as a tool to spread the risk of investment and to benefit from any upturn the global markets may witness when the Indian equity markets may be down. The great attraction of global funds is that they offer an opportunity to own, albeit indirectly through the MFs, great shares such as GE, Microsoft, JP Morgan, Wal-Mart etc., to name just a few.
Of the 28 global funds, only three (as per Value Research data) have offered returns over one year period that are in double digits. While 10 others have shown sub-10 per cent returns over one year, 11 have offered negative returns during this period.
News Source - BUSINESS LINE.
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| Date:
20/09/2011
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| Gold ETFs Popular in India |
| With global stock markets turning weak in August, investors here in India appear to have taken a fancy to gold exchange traded funds. Data shows that assets of Gold ETFs in India jumped nearly three times in August when compared to the same period last year, writes MineWeb's Shivom Seth in Mumbai.
Currently, there are 11 Gold ETFs in India. Fund houses like Baroda Pioneer MF, Motilal Oswal MF, IDBI MF and Birla Sun Life MF are said to be planning an issue of gold funds and have already filed an offer document with India's market regulator, the Securities and Exchange Board of India.
News Source - Bullion Vault.
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