RETAIL FUNDS | Staff Reporter, Singapore

India’s Reliance Capital targets sharia market

India's largest asset management company is set to launch two Islamic funds in Malaysia by July and roll out products for retail investors in two years.

A company report said Tuesday that Reliance Capital Asset Management is launching a fund investing in Indian stocks next week and a quantitative global equity fund investing in the U.S., Europe and Asia in July.

"The long-term objective is to target the retail sharia market in the region," said Vikrant Gugnani, Reliance Capital's international businesses CEO.

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