TORONTO, Jan. 25 /CNW/ - Lawrence Asset Management Inc. is pleased to
announce the launch of Lawrence India Fund ("the Fund"), an open-ended mutual
fund. The fund is now available for purchase.
Lawrence India Fund is a long/short equity fund with a long bias that
will invest most of its assets directly into Indian markets, providing
investors with access to equity and debt securities of companies located and
listed in India.
Lawrence Asset Management has partnered with Reliance Asset Management,
Singapore, to provide the Fund with research, investment strategy advice and
recommendations. Reliance Asset Management, Singapore is a wholly owned
subsidiary of Reliance Capital Asset Management Limited, the largest asset
management company in India managing over US$20 billion in assets under
management as of December 2007, In 2006. Lipper ranked Reliance Growth Fund
and Reliance Vision Fund, as the top two performing open-ended equity funds
globally over the last five years with compounded returns of 71.39 per cent
per annum and 68.16 per cent per annum respectively.
While there are numerous emerging market funds available, there are
limited options for Canadians who prefer a focused investment approach to the
Indian economy. On the occasion of the launch, Ravi Sood, President and COO of
Lawrence Asset Management Inc. said "Given India's current economic trajectory
and favourable demographics, it is projected to be one of the largest
economies in the world within 25 years and will play a significantly larger
role in global capital markets. We think now is the ideal time for Canadian
investors to allocate a portion of their investment portfolio in to the Indian
Units of the Fund are currently offered at Net Asset Value per Unit and
may be purchased, or redeemed on the last business day of each week. The Fund
is RRSP eligible.
For more information on how to purchase Units of the Lawrence India Fund,
please contact your investment advisor or visit www.lawrenceasset.com.
For further information:
For further information: Investor Relations, Catherine Stretch, (416)