DENVER--(BUSINESS WIRE)--ALPS Advisors, Inc. (ALPS), a leading provider of advisory solutions to the financial services industry, has announced the launch of the ALPS Kotak India Growth Fund.
Sub-advised by Kotak Mahindra Limited, a subsidiary of India’s Kotak Mahindra Bank, the ALPS Kotak India Growth Fund will seek to generate long-term capital appreciation by investing in equities and equity-related instruments of Indian companies with high growth potential. The Fund’s portfolio managers will attempt to capitalize on the India growth story by investing across market capitalization and sectors in India.
Denver-based ALPS will serve as the Fund’s investment adviser.
“I think we have something very special on our hands with the Kotak Group and the ALPS Kotak India Growth Fund,” said Corey Dillon, senior vice president for ALPS Advisors, Inc. “Between India’s improving macroeconomic fundamentals and its growing number of solid individual companies, the space is attracting interest from around the globe. The India growth story is a compelling one, and the Fund makes it possible for U.S. investors to participate in it right alongside a firm with deep roots in the Indian markets.”
The Kotak Group is one of India's leading financial services providers. With offices in London, New York, Santa Clara, Singapore, Mauritius, and Dubai, the Kotak Group manages close to $11 billion in assets, $2 billion of which represents non-Indian investors. The Group offers the broadest range of investment products in India to a wide investor base, including institutional, high-net-worth, and retail clients.
The ALPS Kotak India Growth Fund’s principal portfolio manager will be Nitin Jain, CFA, who heads Kotak Mahindra Limited’s long-only equities asset management team. Mr. Jain and his team, who currently manage five strategies across various market capitalizations and themes, including concentrated strategies and thematic funds, will employ a combination of top-down sector-driven and bottom-up stock selection approaches built on the firm’s “Business, Management, and Valuation” model.
“The Indian markets offer great diversity across capitalization themes with different themes performing differently over various points of time,” said Mr. Jain. “A flexible multi-capitalization approach like the Fund’s can offer opportunistic exposure to the market resulting in potentially better returns and lower volatility.”
The ALPS Kotak India Growth Fund represents the latest in ALPS’ ongoing effort to fill important niche investment segments with distinctive solutions. In the last 18 months, the firm has added the Wellington Management sub-advised ALPS/WMC Value Intersection Fund, the Clough China Fund, the Jefferies Commodity Strategy Allocation Fund, and the RiverFront Global Allocation Series Funds to its boutique investment lineup.
The new offering will be available in three share classes—A, C, and I—covering institutional and retail audiences. The Fund is currently available through Oppenheimer and Co. and will be offered on most mutual fund platforms and through financial intermediaries.
About ALPS Advisors, Inc.
ALPS Advisors, Inc. conducts business across three primary business lines: Asset Servicing, Asset Gathering, and Asset Management. Headquartered in Denver with offices in Boston, New York, and Seattle, ALPS has been providing various services to the mutual fund industry for nearly 25 years. As of June 30, 2010, the firm manages more than $1.5 billion in assets and provides servicing to more than $220 billion in client assets. For more information about ALPS and the services available, visit www.alpsinc.com, and for additional information about ALPS products, visit www.alpsfunds.com.
About Kotak Mahindra Limited
Incorporated in the United Kingdom and authorized and regulated by the Financial Services Authority in the United Kingdom, Kotak Mahindra Limited (KMUK) is a member of the London Stock Exchange and is registered with the Securities Exchange Board of India as a Foreign Institutional Investor. KMUK has branch offices in Singapore and Dubai that are regulated by the Monetary Authority of Singapore and the Dubai Financial Services Authority respectively. KMUK is also registered as an investment adviser with the Securities and Exchange Commission in the U.S.
An investor should consider investment objectives, risks, charges, and expenses carefully before investing. The Prospectus contains this and other information. For more complete information about the ALPS Kotak India Growth Fund or to obtain a Prospectus, call (866) 759-5679. Please read the Prospectus.
An investment in the Funds involves risk, including loss of principal.
Investments in India can be considered speculative, and therefore may offer higher potential for losses. Political and economic structures in India generally lack the social, political and economic stability of more developed nations. Share prices of Indian companies tend to be volatile, can be subject to currency exchange fluctuations and can lack liquidity. The stock markets in India are undergoing a period of growth and change, which may result in trading or price volatility and difficulties in the settlement and recording of transactions, and in interpreting and applying the relevant laws and regulations. The risk of loss may be increased because Indian issuers are not subject to the extensive accounting, auditing and financial reporting standards and practices which are applicable in the United States. There is also a lower level of regulation and monitoring of the Indian securities market and its participants than in other more developed markets. Because the Fund concentrates in a single region of the world, the Fund’s performance may be more volatile than that of a fund that invests globally. If Indian securities fall out of favor, it may cause the Fund to underperform funds that do not concentrate in a single region of the world.
The Fund is new and has limited operating history.
The ALPS | Kotak India Growth Fund is a series of Financial Investors Trust.
The ALPS | Kotak India Growth Fund, ALPS/WMC Value Intersection Fund, the Clough China Fund, the Jefferies Commodity Strategy Allocation Fund, and the RiverFront Global Allocation Series Funds are distributed by ALPS Distributors, Inc.
ALPS Distributors, Inc. is not affiliated with Kotak Mahindra.
Corey Dillon and Tom Carter are Registered Representatives of ALPS Distributors, Inc.