SBI MF’s international fund to tap top S&P 500 firms
Updated Mar 2, 2021, 7:42 am IST
The underlying scheme of investment would be Amundi Funds-US Pioneer Fund
The top 5 sectors in which the scheme is invested in are IT, consumer discretionary, health care, financials, and industrials. Representational image
MUMBAI: SBI Mutual Fund on Monday announced the launch of SBI International Access-US Equity FoF, an open-ended Fund of Fund scheme that would invest in mutual fund schemes /ETFs that invest in US markets. The new fund offer that opened on March 1 will close on March 15.
The underlying scheme of investment would be Amundi Funds-US Pioneer Fund. Amundi Funds–US Pioneer Fund, (domiciled in Luxembourg) benchmarks with the S&P 500 Index and has assets under management of $2.5 billion as of January 31, 2021.