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Reliance MF ropes in Samsung AMC for strategic alliance

2015-04-25 03:57:34| Chemicals - Topix.net

Top fund house Reliance Capital Asset Management Company roped in on Thursday the largest Korean asset management firm Samsung AMC for a strategic alliance, which will allow the two companies to manage, market and distribute each other's investment products in India and South Korea. Samsung AMC, which manages assets worth over $165.8 billion and part of Samsung Group, is also looking to explore opportunities in the ETF market in India through this partnership.

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