Standard Chartered Opens Global Investment Gateway At GIFT City, Four New Funds Bring International Markets Closer To Indians
Mumbai: Standard Chartered Bank has expanded its wealth management business in India with the launch of international investment solutions from Gujarat International Finance Tec-City (GIFT City), offering affluent investors greater access to global financial markets. The bank introduced its Signature CIO Funds, comprising four diversified investment funds designed to address different financial…
Standard Chartered Bank has introduced international investment solutions in Gujarat International Finance Tec-City (GIFT City), India, to cater to affluent investors seeking access to global financial markets. The bank's Signature CIO Funds consist of four diversified investment funds, tailored to various financial goals and risk tolerances.
Standard Chartered, in collaboration with Amundi Asset Management and SBI Funds International, developed these funds based on Chief Investment Office strategies. The products provide exposure to international equities, bonds, commodities, liquid alternative investments, and cash through multi-asset portfolios. GIFT City, where Standard Chartered opened its operations in 2020, now offers wealth management services to corporate, institutional, and individual clients.
Since their launch in 2022, the Signature CIO Funds have amassed over $5 billion in assets under management and are available in 13 markets, including GIFT City. Samir Subberwal, Global Head of Wealth Solutions at Standard Chartered, emphasized the rising demand for international portfolio diversification among Indian investors, noting that the launch would offer clients easier access to global investment opportunities fitting their financial objectives and risk appetite.
The bank plans to roll out more international wealth solutions via GIFT City, reflecting growing opportunities for global investment services among affluent Indian clients.
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