Union KBC Asset Management has rolled out a new diversified equity portfolio, India Infoline reports. The Union KBC Equity Fund is the first scheme being launched by Union KBC Mutual Fund, the assets of which will be overseen by Union KBC.
The new issue will close on June 3, 2011. The fund will majorly invest in a portfolio consisting of equity and equity related securities. Union KBC is 51% owned by Union Bank of India and 49% by KBC Asset Management through its subsidiary, KBC Participations Renta.
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