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(From Business Line)
Kolkata, May 27 - UTI Mutual Fund and State Street Global Advisors have entered into an exclusive tie-up that will lead to the formation of schemes aimed at Indians willing to invest abroad. State Street is the world's largest institutional asset management outfit. The two signed an agreement in Kolkata on Thursday.
State Street, which will charge a fee for its services, will serve as an advisor to UTI MF for international investments by its funds. The products that will be developed will have to follow the norms set by regulatory organisations in India.
The tie-up with State Street will enable UTI MF to provide more choices to …