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Industry is a huge consumer of water, where it takes three litres of water to make a litre of coke and 300 litres to make 1kg of paper. The case describes the launching of the KBC buyback fund, a mutual fund that aims to exploit the buyback anomaly first documented by Ikenberry, Lakonishok and Vermaelen(1995). The investment objective of the Fund is to produce positive returns by investing principally in high yield real estate projects investment instruments of entities involved in the ownership of real estate, the construction and development of real estate, the trading or management of real estate and other real estate related activities, or otherwise having real estate exposure. KBC Asset Management is an international organisation active in Belgium, Ireland, Luxembourg, Czech Republic. Dublin Solicitor KBC Bank Ireland Sep 2013 - Apr 2016 2 years 8 months. KBC FM is an Irish subsidiary of KBC Asset Management NV (Belgium). KBC Fund Management Ltd Apr 2016 - Present 5 years 4 months. That claim looks less dramatic when it is borne in mind that only 1% of the total water on the globe is available for human consumption while more than two billion people do not have access to safe water.Ĭontrast that with the fact that Americans use five times more water than Europeans while more than 400 million people live in regions where severe water shortages are the norm. KBC Fund Management Ltd (KBC FM) is a Dublin based asset manager with approximately EUR 50bn assets under management and is a part of KBC Group.
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“Charging for usage makes sense,” he said. KBC’s global fund invests in all aspects of the water business and so far the returns relative to the broad market have been better and KBC is confident that trend will continue.Įoin Fahey, chief economist at KBC said the downside of this growing global thirst for water is that Irish consumers will be paying for their domestic water within 10 years. High net-worth investors will be given exposure to those fast growing sectors which offer significant investment potential as the world scrambles to meet rapidly-growing consumption of water and energy.įigures from Goldman Sachs put the turnover in the global water market last year at $365 billion (€289bn) a figure set to grow significantly, underpinned by the doubling of water consumption every 20 years. He reiterated the commitment of the bank towards offering portfolio of services to investors under its own brand.It will offer investments in water companies as well as alternative energy companies which will make up nearly 50% of the new fund. This transaction reaffirms the bank’s vision to provide all financial solutions under one umbrella, which, apart from banking products and services, also include life insurance products through its joint venture Star Union Dai-ichi Life Insurance Co, and mutual fund products through Union KBC AMC. I would like to thank our Indian clients, shareholders, staff and all other stakeholders for the trust they have placed in KBC.” For the financial year 2014-15, Union KBC AMC reported loss after tax of R21.16 crore.Īrun Tiwari, chairman & managing director of Union Bank, said the bank has always stated its firm belief in the potential of the Indian market for investment funds. Johan Thijs, CEO of KBC Group, said: “This agreement fits in with KBC Asset Management’s strategic focus on KBC Group’s core markets and activities. It offers a wide range of products in India under different asset classes such as equity, fixed income and gold.
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Union KBC has been managing assets of Union KBC Mutual Fund since 2011. Other foreign players such as ING Investments, Morgan Stanley Mutual Fund, Fidelity mutual Fund and Daiwa Mutual Fund had also exited the Indian markets. Earlier, Pramerica AMC bought out assets of Deutsche AMC. This is the second exit of foreign fund house from India in the current calendar year. Thorough screening, based on strict and clear rules, is carried out to determine which companies and countries make up the investment universe for sustainable and socially responsible investment solutions. Our wealth management services offer valuable long-term expertise and support. Our streamlined brokerage and custody model ensures flawless securities processing. With losses piling up for the fund house, I think it didn’t make good proposition for KBC to stay invested in India,” said a senior member of the fund house on condition of anonymity. KBC fund managers apply stringent screening methods for companies and countries. KBC is a leading BPO provider that offers integrated, yet modular securities services solutions. “It’s not (a) very positive sign for the Indian mutual fund industry, as we have seen several exists of foreign players from India. According to the data from the Association of Mutual Funds in India, total AAUM of Union KBC AMC was at Rs 2,672.23 crore during the July-September quarter.