The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.

M&G Investments
M&G Investments has launched the M&G India Fund, aimed at UK investors who want exposure to India.

The M&G India Fund is managed by Vikas Pershad and is supported by M&G’s wider Asia team; Pershad has more than 20 years of investment experience in Indian equities. The team manages about $25 billion of assets across Asia.

The fund aims to provide a higher total return (capital growth plus income), net of fees than that of the MSCI India Index over any five-year. It typically holds 50 to 80 stocks.

BNP Paribas
BNP Paribas’ THEAM Quant platform, alongside BNP Paribas Exane Research, has launched the THEAM Quant – Nuclear Opportunities fund, exploiting a theme of growing interest in this energy source.

The fund seeks exposure to companies involved in the nuclear energy value chain, taking advantage of an opportunity stemming growing global electricity demand and energy security concerns, BNP Paribas said.

The strategy of the fund splits the investment universe into three pillars – nuclear fuel, including uranium mining and enrichment; energy generation, including power plant operations and technologies; and specialised engineering or related services.

The underlying long-only strategy employs the dynamic equity investment approach and systematic criteria of BNP Paribas Quantitative Investment Strategies to enhance the overall risk-return profile and diversification.

“We realised an untapped opportunity to deepen the initial investment universe beyond the somewhat limited scope of public market indices and existing products on the market,” Vincent Berard, head of BNP Paribas Global Markets' product strategy for THEAM Quant Funds, said. “These tend to be heavily concentrated on uranium miners, essentially correlating investment returns with uranium prices, which ultimately under-represents this sector’s full investment potential. This is why we chose to take a much more diversified view of the entire value chain, which promises higher returns within traditional portfolios.”