MFs scout for foreign investment opportunities as domestic markets teeter

Fund houses to launch schemes that will take exposures to global economies

Domestic mutual funds are getting ready to launch schemes that will take exposure to foreign economies as strong global headwinds take a toll on the country’s economy.  

Experts say given the current economic conditions, investors must have at least 5-10 per cent exposure to foreign economies.

They point out that a substantial level of investor exposure has been concentrated on domestic equities following the market rally seen in the last two years.

With regulatory approvals in place, IIFL AMC is likely to launch IIFL US Technology Fund this month. “When it comes to global growth stories, Indian investors are typically