BlackRock said it will leverage its joint venture with India’s DSP BlackRock Investment Managers, which has advised a similar fund in partnership with BlackRock for offshore investors – the BGF India Fund – since 2005.
The newly launched BlackRock India Fund for US-based investors will enhance BlackRock’s existing open-end mutual fund product offerings in the US, which already includes more than 120 funds.
DSP BlackRock Investment Managers president and chief investment officer S Naganath said that the firm believe India’s strong growth and diversity of investment themes presents an exciting opportunity for investors over the medium-to-long term.
Nick Scott, portfolio manager of the fund and chief investment officer of Asian Fundamental Equity for BlackRock Hong Kong, will oversee the BlackRock India Fund, which will also be co-advised by Anup Maheshwari and Apoorva Shah.
Nick Scott is also portfolio manager of the BGF India Fund.
