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Axis Mutual Fund launches Global Innovation Fund of Fund
SECTIONS
Last Updated: May 06, 2021, 03:12 PM IST
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Synopsis
The fund house said that the fund is actively managed to access multiple disruption themes globally including – environment, automation, healthcare, finTech, communication, food & water, new consumer, digitalization, and e-Commerce.
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Axis Mutual Fund has announced the launch of their new fund – ‘Axis Global Innovation Fund of Fund’. The fund will provide investors with an opportunity to invest in Schroder International Selection Fund Global Disruption, an equity fund that aims to provide long term capital growth by investing in companies worldwide that benefit from disruption. The New Fund Offer (NFO) opens for subscription from May 10 to May 21.
Schroders recognised for exceptional offshore equity fund in the South Africa 2021 Morningstar Awards schroders.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from schroders.com Daily Mail and Mail on Sunday newspapers.
First published by Daily Maverick 168 weekly newspaper
As the world celebrated the news in November of the development of a number of vaccines for Covid-19, it was encouraging to see how investor sentiment improved as a consequence. But it was the election of Joe Biden as the next US President, that lit a spark under the prices of riskier assets around the globe. Local multi-asset portfolios, which have been overweight in undervalued assets like SA equities and bonds since April, were in the perfect position to take advantage of this improvement in growth prospects.
The JSE All Share Index was testing the 60 000 mark earlier this month after hitting rock bottom in March this year, falling under the 40 000 level. Whether this rally will continue into 2021, is any South African’s guess.