Indian AMs tipped to sell more gold products, ETFs
With an education process needed to raise investor understanding of equities, the nation’s asset managers are likely to package more gold related products, and even ETFs.
Indian asset managers are predicted to package and sell more gold-related products as the industry fights to prosper amid an anticipated consolidation phase.
Vikram Kotak, CIO of Birla Sun Life Insurance, estimates that the incremental savings pool of Indian households could swell to Rs90 trillion ($2.04 trillion) within the next five years if it continues to grow at its current pace.
This would seem to spell good news for the country’s 41 fund management firms and 23 insurance …
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