- 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
a. Franklin Templeton Mutual Fund
b. ICICI Prudential Asset Management Company
c. Aditya Birla Sun Life Mutual Fund
d. SBI Mutual Fund