- Aims to grow to Rs 1500 crore by end 2010
- HNIs show preference for discipline & innovation in investing style
- Focus on offshore marketing of Indian quant products
ING Investment Management (ING IM), an Indian arm of ING Group, has announced that Quant Strategies introduced under its PMS (Portfolio Management Services) arm have added a record Rs 1000 crore Assets under Management (AUM) in just 15 months.
Considered amongst leading PMS providers in the Indian Asset Management Industry, ING IM aims to manage Rs 1500 crore under Quant Strategies by end of the current financial year 2010-11 as compared to Rs 350 crore AUM at the beginning of the current financial year.
Navin Suri, MD & CEO of ING IM India, said, “This is the first time in India HNIs have demonstrated such high levels of interest in Quantitative style of investing. Aside from a healthy performance, I think it is the discipline and sans-emotion style of investing that they have shown preference for over traditional style of investing. We are delighted to cross the Rs.1000 crore mark and believe we have laid a firm foundation for more industry players to launch such products in the future.” Mr. Suri added that future growth will also come from overseas as the company makes these strategies available offshore. Recently, ING started marketing products through Mauritius and has collected nearly Rs. 50 crore.
Currently, ING IM offers 3 Quant Strategies in India, ING Large Cap Quant Equity Portfolio, ING India BSE-200 Quant Equity Portfolio and ING ADAPT. ING ADAPT is an asset allocation strategy investing in 4 different asset classes offering portfolios catering to 5 different risk appetites.
Quant fund managers follow a set of mathematical techniques to evaluate risk, pricing and timing in financial markets, unlike those following fundamental and technical analysis that largely depend on subjective calls. ING IM introduced quant strategies investing in local shares under its PMS arm, ING Private.
About ING Investment Management:
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ING Investment Management believes in providing investors with the knowledge & opportunity to manage their future easily. ING Investment Management was established in India by ING Groep. Headquartered in Amsterdam, Netherlands, ING Groep is present in over 50 countries across the world, with more than 120,000 employees and total assets exceeding Euro 1,159 billion (Source: www.ing.com). ING Investment Management brings with it the vast international experience and professional expertise of the ING Groep, who are world leaders in Banking, Insurance and Asset Management.
About ING Private:
ING Private is the umbrella brand of ING Investment Management (India) Pvt. Ltd. for all Portfolio Management Services (PMS) and structured product offerings. The portfolio is managed under ING Private Label (Portfolio Management Services license). ING Investment Management (India) Pvt. Ltd. is registered with SEBI as a Portfolio Manager (“Portfolio Manager”).