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ICICI Prudential AMC partnered with First Trust Advisors

Published on January 18, 2022
Current Context: The ICICI Prudential Asset Management Company (AMC) has entered into a partnership with First Trust Advisors, which is based in the US.
ICICI Prudential AMC partnered with First Trust Advisors
  • The First Trust Advisors serves in actively-managed exchange-traded funds.
  • They have partnered to launch a global fund of funds.
  • Also, ICICI Prudential AMC will be the first one to launch strategic metal & energy equity fund of funds.
  • It will invest in offshore funds which are managed by First Trust Advisors.
  • Due to this partnership, ICICI Prudential AMC will be able to bring innovative active and exchange-listed offerings of First Trust to domestic investors.
  • The ICICI Prudential strategic metal & energy equity fund of funds is open for subscription from 17th Jan to 31st Jan 2022.
  • Static Part: 
    • HQ of ICICI Prudential AMC: New Delhi

Question: 

Q.1 Which entity partnered with First Trust Advisors to launch a global fund of funds?
a. Franklin Templeton Mutual Fund
b. ICICI Prudential Asset Management Company
c. Aditya Birla Sun Life Mutual Fund
d. SBI Mutual Fund
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