Brazil-based BTG Pactual has signed a third-party distribution deal with Reliance Asset Management Singapore, the cross-border fund family of Indian asset manager Reliance Capital Ltd.
BTG plans to distribute the funds to institutional clients across Latin America. Reliance’s core strength is Indian equities and fixed income, and also alternatives. The firm is India’s largest asset manager, with USD 55 billion under management.
The first product BTG Pactual plans to distribute is the UCITS India Equities Fund, which will capitalize on Reliance’s expertise in the country.
“India provides an unbeatable combination of economic growth, productivity, favorable demographics and a stable exchange rate, making it our favorite among the larger emerging countries,” said Ignacio Pedrosa, head of third-party distribution at Pactual.
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