Barclays ties up with Motilal Oswal AMC to offer Value Strategy PMS

FOR IMMEDIATE RELEASE
Mumbai, Maharashtra, India, Republic of (Free-Press-Release.com) August 18, 2011 -- Mumbai, 18 August, 2011 Barclays Bank PLC today announced its tie-up with Motilal Oswal Asset Management Company Limited (MOAMC) to bring to its customers, the MOAMC’s Value Strategy PMS. By availing of the offering, Barclays customers can now enjoy dual benefit of professional portfolio management services and risk control.

Value Strategy PMS strives to deliver higher returns by maximising gains from long term compounding effect which is done through investments in thriving businesses managed by prominent professionals. With close to 800 crores Assets under Management, Value Strategy PMS is not only one of the large AUM strategies in the market, but it also has a consistent track record of outstanding performance over the past eight years.

Commenting on the development, Suvrat Saigal, Consumer Banking Director, Barclays Corporate (India) said, “The investment offering would help Barclays customers leverage the experience of one of the best equity fund management teams in the Industry. In the current volatile market scenario, this will also give customers a reason to focus on the long term benefits of Investing. At Barclays, our constant endeavour is to consistently bring to our customers, the very best products. We are confident that this offering, which has a proven track record, will add stars to our customers’ investment portfolio.”

Adding to this, Nitin Rakesh, CEO & MD, Motilal Oswal Asset Management Company Limited said, “At MOAMC, we believe in providing a focussed & disciplined approach to investing. Value PMS is one such strategy that targets long term wealth creation through a “best ideas” buy-and-hold approach. Barclays has one of the best Wealth management services in the world today. They brought their global expertise to India recently but have already made their presence felt in India. We value our partnership with Barclays & believe this launch marks just the beginning of our relationship with them”.

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