Sundaram BNP Paribas enters Gulf marketJune 21st, 2008 - 9:23 pm ICT by IANS
Dubai, June 21 (IANS) Leading Indian equity fund manager Sundaram BNP Paribas Asset Management has entered the Gulf region, offering Gulf Cooperation Council (GCC) customers access to its products in the Indian market. “Thanks to our partners in India, one of the top 10 equity fund managers, Sundaram BNP Paribas Asset Management, we offer our clients unique opportunities to access the Indian market,” Muneer Fulayfil, director for Middle East and Africa of BNP Paribas Investment Partners (BNPP IP), said in a statement here Saturday.
“Considering the average 8.5 percent per annum GDP growth (of India) over the past five years, we are confident that this evolution will sustain over the long-term despite the challenging near-term global and local economic environment,” he added.
“Our philosophy is very much client driven, and as a result, we are very happy to have met investors in the GCC, as we want them to benefit from our local expertise,” said Nalam Prasad, deputy chief executive officer and chief information officer of Sundaram BNP Paribas Asset Management.
The GCC comprises Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).
Sundaram BNP Paribas Asset Management has five products under the Select Thematic Funds umbrella including three launched in 2008.
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