Canara Robeco Asset Management Company, a joint venture between Canara Bank and Robeco, today said its assets under management (AUM) has crossed the Rs 10,000-crore mark as on January 8.
This is a growth of over 370 per cent in its AUM since the JV was formed in September 2007, a company statement said here today.
The growth in the AUM can be attributed to the consistent top quartile performance of its equity and fixed income funds across categories as well as the growing acceptance of Canara Robeco products amongst distributors and investors.
"The Rs 10,000-crore AUM mark achievement has been accomplished at a time which witnessed a fair degree of volatility in the markets and thus crossing this milestone in such challenging market conditions speaks volumes about the trust reposed in us by our investors and distributors," Canara Robeco Asset Management chief executive Rajnish Narula said.
"We will continue to invest significantly into our business and look forward to launching world class investment products in the near future to augment our growth," Narula said.
Source: http://www.business-standard.com/india/news/canara-robeco-aum-crosses-rs-10000-cr-mark/83046/on
This is a growth of over 370 per cent in its AUM since the JV was formed in September 2007, a company statement said here today.
The growth in the AUM can be attributed to the consistent top quartile performance of its equity and fixed income funds across categories as well as the growing acceptance of Canara Robeco products amongst distributors and investors.
"The Rs 10,000-crore AUM mark achievement has been accomplished at a time which witnessed a fair degree of volatility in the markets and thus crossing this milestone in such challenging market conditions speaks volumes about the trust reposed in us by our investors and distributors," Canara Robeco Asset Management chief executive Rajnish Narula said.
"We will continue to invest significantly into our business and look forward to launching world class investment products in the near future to augment our growth," Narula said.
Source: http://www.business-standard.com/india/news/canara-robeco-aum-crosses-rs-10000-cr-mark/83046/on
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