SBI Mutual Fund will launch a new open-ended fund of funds, Moneylife Personal Finance reports. The SBI Global Emerging Market Fund will seek to replicate the MSCI EM Index.

The scheme will invest 80-100% of assets in units/securities issued by overseas mutual funds investing in emerging market equity. The vehicle will be managed by Anup Upadhyay.

Click here for the story from Moneylife Personal Finance.