Want a slice of all markets the world over? Try out ICICI Pru’s Global FoF
Synopsis
The five funds that the scheme holds in its portfolio are: ICICI Prudential US Equity Fund (26.6% allocation), Nippon India ETF Hang Seng BeES (25.4%), Franklin Asia Equity Fund (21.5%), Nippon Japan Fund (20.9%) and Aditya Birla Sun Life Commodities Equity Fund – Global Agri Plan (0.7%).
Investors looking for global allocations based on economic trends and flows could consider the ICICI Prudential Global Allocation Fund of Fund. This fund has a 51% allocation to emerging markets (EMs) and 49% to developed markets (DMs) through investments in schemes that invest in such economies.