The only Indian Asset Management Company to feature in the list of 25 Best Fund Management firms in Asia
ICICI Prudential Asset Management Company Ltd. (the Company) has received the prestigious recognition of being amongst the ‘Best Overall Fund Management Firm-Asia’ in the Thomson Reuters Extel Asia Survey 2009. ICICI Prudential AMC stands the only Indian Asset Management company to figure in the list of 25 Fund Management firms in Asia, gaining the 20th position in the survey out of 317 buyside firms investing in Asia that received nominations. The company has moved up the list from the 22nd position in the 2008 survey.
The company has bagged two prestigious titles. Mr. S. Naren, CIO, ICICI Prudential AMC gains the 2nd rank out of a total of 60 individuals in the ‘Best Individual in the General Equities/ Strategy category.
The survey is conducted across all the Buyside firms in Asia.
Past Performance is no guarantee of future results.
Speaking on the survey results, Mr. Nilesh Shah, Deputy Managing Director said, “It is a matter of pride and honor for us since we are the only Asset Management Company from India to figure in this prestigious list of 25 Best Overall Fund Management firms in Asia. These results are a global recognition of the disciplined investment process of our investment team and an acknowledgment of our commitment to achieving investment management excellence.”
Voting Methodology
The Thomson Reuters Extel Asia Survey December 2009 identifies excellence with voting conducted during September to October 2009 by Thomson Reuters and results announced and published on November 16, 2009. The website www.extelsurveys.com was opened for voting 24/7 throughout this time. Total 317 buyside firms investing in Asia received nominations.
The Buyside Rankings - all votes for Buyside firms and individuals from either sell side or quoted companies is
- Collected for sector-by-sector rankings
- Used for overall aggregates
All votes received from Buyside firms are calculated automatically to form a ‘single’ submission from the firm, and then weighted to reflect the market position and importance of the firm.
The full details on survey methodology and approach are provided on www.extelsurveys.com.
About Thomson Reuters Extel Asia Survey
The Extel Survey began in 1974, when an independent consultant, Geoffrey Osmint, conceived the idea of collecting views and votes from fund managers on the services and advice they were getting from research analysts at stockbroking houses. In 1999/2000 the Extel Survey were acquired by Thomson, now of course Thomson Reuters. Initially the Survey focused on the UK investment market only, and still in 1999 it had a significant UK bias, in the data collected and the location of respondents. Since Extel Surveys became the Thomson Extel Surveys and now Thomson Reuters Extel Surveys there have been a range of enhancements.
In brief -
- Website for voting and results
- Global expansion - in participation in the Survey, and encompassing other market studies in Asia and North America
- Rankings of quoted companies and fund managers alongside the fundamental rankings of brokers
- The much-valued independent assessment of the Survey data and processes by Deloitte
- Introduction of Extel IBR - an internal broker voting tool for individual fund management firms
- The Extel Survey now runs market surveys and produces bespoke studies for clients worldwide - helping all three sides of the investment community to identify excellence and inform investment decisions.
About ICICI Prudential Asset Management Company
ICICI Prudential Asset Management Company Ltd. is a joint venture between ICICI Bank, a well-known and trusted name in financial services in India and Prudential Plc, one of UK’s oldest and largest players in the financial services sector. ICICI Prudential Asset Management Company, in a span of just over ten years, has forged a position of preeminence in the Indian Mutual Fund industry as one of the largest asset management companies in the country with average assets under management of around Rs. 82,432.25 Cr as on December 31, 2009 (Source: www.amfiindia.com). The Company manages a comprehensive range of schemes to meet the varying investment needs of its investors.
Statutory Details: ICICI Prudential Mutual Fund (the Fund) was set up as a Trust sponsored by Prudential plc (through its wholly owned subsidiary namely Prudential Corporation Holdings Ltd) and ICICI Bank Ltd. ICICI Prudential Trust Limited (the Trust Company), a company incorporated under the Companies Act, 1956, is the Trustee to the Fund. ICICI Prudential Asset Management Company Ltd (the AMC). a company incorporated under the Companies Act, 1956, is the Investment Manager to the Fund. ICICI Bank Ltd and Prudential Plc (acting through its wholly owned subsidiary namely Prudential Corporation Holdings Ltd) are the promoters of the AMC and the Trustee Company. Risk Factors: Mutual Funds and securities investments are subject to market risks and there is no assurance or guarantee that the objectives of the Schemes will be achieved. As with any securities investment, the NAV of the Units issued under the Schemes can go up or down, depending on the factors and forces affecting the capital markets. Past performance of the Sponsors, AMC/Fund does not indicate the future performance of the Schemes of the Fund. The Sponsors are not responsible or liable for any loss resulting from the operation of the Schemes beyond the contribution of an amount of Rs.22.2 lacs, collectively made by them towards setting up the Fund and such other accretions and additions to the corpus set up by the Sponsors. Mutual Fund Investments are subject to market risks. Please read the Scheme Information Documents/ Addendums of the Scheme carefully before investing.
