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Finansa unit offers second chance at FIF.
Byline: Sriwipa Siripunyawit
Oct. 7--Finansa Asset Management (FAM), a unit of Finansa Plc, has launched a second tranche of its foreign investment fund after sales of the first lot this week surpassed the target of US$10 million.
The Finansa Global Allocation Fund (FAM GAF), aimed mainly at institutional investors, will be managed by UBS Global Asset Management, which currently manages a total of US$535 billion.
According to Michael Winter, executive director of Singapore-based UBS Global Asset Management, investors will benefit substantially from diversification as the fund allocates units across seven asset classes worldwide.
Of the ...
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Source: HighBeam Research, Finansa unit offers second chance at FIF.