Latest news with #UCITS
Al Etihad
11 hours ago
- Business
- Al Etihad
Kotak Mahindra gets SCA licence to launch fund management activities in UAE
18 Aug 2025 20:26 ABU DHABI (ALETIHAD)Kotak Mahindra (International) Limited (KMIL), a wholly owned subsidiary of Kotak Mahindra Bank Limited, has secured a licence from the UAE Securities and Commodities Authority (SCA) to conduct Investment Fund Management and Portfolio Management this approval, KMIL has become the first Indian firm to receive such a licence from the SCA, a press release announcing the decision said. It marks a significant milestone in cross-border financial services and sets the stage for the launch of UAE-domiciled funds for retail investors.'We are honoured to receive this licence from the UAE regulator. It is a testament to our enduring commitment to the UAE and our vision of fostering globally integrated, transparent capital markets,' said Shyam Kumar, President and Head of Kotak International. 'India's economic momentum continues to attract global interest, and through this licence, we are excited to offer UAE retail investors access to our India-focused investment strategies – enabling them to participate in one of the world's dynamic and resilient markets. We will offer India-centric investment options to help investors diversify their portfolios.'The company said it plans to leverage the licence by launching retail-focused solutions in the UAE aligned with its successful UCITS (Luxembourg-domiciled) and India-domiciled strategies. Subscriptions for these funds are expected to open by the final quarter of approval underscores Kotak Group's approach of working with regulators worldwide to expand access to capital markets. Alongside India, the group holds regulatory approvals in the USA, UK, Singapore, Mauritius and now the UAE. Kotak International, the global business arm of the Kotak Group, connects investors with India's growth story through a range of asset management, advisory and investment offerings. With more than three decades of experience and $6.08 billion assets under management, the firm operates across key financial hubs including Singapore, London, New York, Dubai and Mauritius.
News18
a day ago
- Business
- News18
First For India: Kotak Mahindra Wins UAE License To Launch Local Funds
Last Updated: Kotak Mahindra (International) Limited got a UAE license for Investment Fund and Portfolio Management, becoming first Indian firm to offer UAE-domiciled funds to retail investors. Kotak Mahindra (International) Limited ('KMIL"), a wholly owned subsidiary of Kotak Mahindra Bank Limited, today announced that it has been granted a license by the Securities and Commodities Authority ('SCA") – the capital markets regulator of the United Arab Emirates – to conduct Investment Fund Management and Portfolio Management activities. With this approval, KMIL becomes the first Indian firm to receive this license from the SCA, marking a significant milestone in the evolution of cross-border financial services. This development paves the way for the launch of UAE-domiciled funds for retail investors, further reinforcing the UAE's position as a regional financial and investment hub. 'We are honored to receive this license from the Securities and Commodities Authority. It is a testament to our enduring commitment to the UAE and our vision of fostering globally integrated, transparent capital markets," said Shyam Kumar, President and Head, Kotak International. 'India's economic momentum continues to attract global interest, and through this license, we are excited to offer UAE retail investors access to our India-focused investment strategies – enabling them to participate in one of the world's dynamic and resilient markets. We will offer India-centric investment options to help investors diversify their portfolios." KMIL intends to leverage this license to support the growth of the UAE's investment fund industry by offering retail-focused solutions. The company plans to launch funds aligned with its successful UCITS (Luxembourg-domiciled) and India-domiciled strategies, with subscriptions expected to open for UAE investors by the final quarter of CY2025. This license reflects Kotak Group's dedication to co-operate with global regulators to enhance accessibility of capital markets to a larger set of investors. With regulatory approvals in India, the USA, UK, Singapore, Mauritius, and the UAE, Kotak continues to expand its international presence and contribute to the robust financial ecosystem. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
African Manager
6 days ago
- Business
- African Manager
BTL signs up with Fininfo Solutions to modernize its UCITS operations
The Tunisian-Libyan Bank (BTL) is continuing its digital transformation by announcing the signing of a strategic agreement with Fininfo Solutions to deploy a cutting-edge technological solution dedicated to the custodian function and to the distribution of UCITS managed by its subsidiary, Leptis Asset Management. This project is part of BTL's stated intention to invest heavily in digital technology in order to optimize its operations, strengthen the reliability of its processes, and offer faster, more accurate services better suited to the expectations of its institutional clients and partners. The new solution will cover a complete functional scope: custody recordkeeping and control, fund administration, portfolio management, asset/liability management, and issuer services. Designed to be highly open to functional specifications, it will offer BTL the flexibility needed to easily integrate future innovations and adapt to market developments. At the heart of this modernization, BTL will introduce a 180-degree view of the client, integrating all tangible and intangible aspects of the client's relationship with the bank. This approach will offer a fungible and dynamic synthesis of all assets and commitments, current and future, linked to the account. It will greatly facilitate the decision-making process and will allow, with a single click, the validation of certain operations, thereby improving responsiveness and efficiency. Mr. Hatem Zaara, Chief Executive Officer of BTL, stated: 'This partnership with Fininfo Solutions marks an important stage in our digital transformation. We are investing in innovative tools that will improve the quality and speed of our services, while ensuring rigorous management in compliance with regulatory requirements. Digital technology is at the heart of our strategy and will continue to be a lever for BTL's development.' Mr. Fares Naiet Gaied, Manager of Fininfo Solutions, added: 'We are pleased to collaborate with BTL in implementing this solution. We will be a trusted digital partner, supporting it in its growth and ambitions by providing our expertise and technology.' This partnership will also foster enhanced synergies with the other entities of the Group, notably the investment bank and the asset management company, while supporting the growth and performance of the Private Bank branch. By deeply modernizing its infrastructures and placing digital technology at the service of its clients, BTL confirms its desire to anchor its development in an approach oriented toward innovation and efficiency, true to its new slogan: 'The Bank That Gets You.'
Yahoo
6 days ago
- Business
- Yahoo
Azvalor Managers FI Makes Significant Moves with Barrick Mining Corp
Exploring the Strategic Portfolio Adjustments in Q2 2025 Azvalor Managers FI (Trades, Portfolio) recently submitted its report for the second quarter of 2025, revealing strategic investment decisions that reflect its commitment to identifying global opportunities. Azvalor Managers FI (Trades, Portfolio) is a tax-transferable UCITS fund that invests at least 75% of its assets in equities. The fund's portfolio spans companies of various sizes, regions, and sectors, all listed on public markets. By delegating investments to specialist managers, Azvalor Managers FI (Trades, Portfolio) seeks to uncover the best investment opportunities worldwide. Summary of New Buy Azvalor Managers FI (Trades, Portfolio) added a total of 43 stocks, with the most significant addition being Barrick Mining Corp (NYSE:B). The fund acquired 129,635 shares, which now account for 3.38% of the portfolio, with a total value of $2.699 million. The second-largest addition was Alibaba Group Holding Ltd (HKSE:09988), consisting of 81,145 shares, representing approximately 1.22% of the portfolio, with a total value of HK$976,000. The third-largest addition was Valterra Platinum Ltd (LSE:VALT), with 25,213 shares, accounting for 1.17% of the portfolio and a total value of 932,000. Key Position Increases Azvalor Managers FI (Trades, Portfolio) also increased stakes in a total of 93 stocks. The most notable increase was in Tencent Holdings Ltd (HKSE:00700), with an additional 28,919 shares, bringing the total to 32,051 shares. This adjustment represents a significant 923.34% increase in share count, a 1.99% impact on the current portfolio, with a total value of HK$1,766,000. The second-largest increase was in Pop Mart International Group Ltd (HKSE:09992), with an additional 33,176 shares, bringing the total to 44,343. This adjustment represents a significant 297.09% increase in share count, with a total value of HK$1,295,000. Summary of Sold Out Azvalor Managers FI (Trades, Portfolio) completely exited 32 holdings in the second quarter of 2025. Notably, the fund sold all 105,677 shares of Barrick Mining Corp (TSX:ABX), resulting in a -3.12% impact on the portfolio. Additionally, Azvalor Managers FI (Trades, Portfolio) liquidated all 58,022 shares of Enerflex Ltd (TSX:EFX), causing a -0.76% impact on the portfolio. Key Position Reduces Azvalor Managers FI (Trades, Portfolio) also reduced positions in 91 stocks. The most significant changes include a reduction in Algoma Steel Group Inc (NASDAQ:ASTL) by 55,145 shares, resulting in a -40.55% decrease in shares and a -0.73% impact on the portfolio. The stock traded at an average price of $5.58 during the quarter and has returned -28.18% over the past 3 months and -53.66% year-to-date. Additionally, the fund reduced NMI Holdings Inc (NASDAQ:NMIH) by 9,740 shares, resulting in a -45.17% reduction in shares and a -0.47% impact on the portfolio. The stock traded at an average price of $37.55 during the quarter and has returned 3.46% over the past 3 months and 7.51% year-to-date. Portfolio Overview As of the second quarter of 2025, Azvalor Managers FI (Trades, Portfolio)'s portfolio included 227 stocks. The top holdings included 3.38% in Barrick Mining Corp (NYSE:B), 2.21% in Tencent Holdings Ltd (HKSE:00700), 1.79% in M/I Homes Inc (NYSE:MHO), 1.71% in Iamgold Corp (NYSE:IAG), and 1.68% in Hudbay Minerals Inc (NYSE:HBM). The holdings are mainly concentrated in 10 of the 11 industries: Basic Materials, Energy, Consumer Cyclical, Industrials, Financial Services, Real Estate, Technology, Communication Services, Healthcare, and Consumer Defensive. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Associated Press
04-08-2025
- Business
- Associated Press
Governance, Risk, Passporting & Cross-Border Operations Across the UK, Ireland, and Luxembourg (ONLINE EVENT: September 29, 2025)
DUBLIN--(BUSINESS WIRE)--Aug 4, 2025-- The 'UCITS Funds Training' has been added to offering. This highly practical 1 day course conducted by a senior expert covers the whole UCITS framework and is intended to provide participants with the appropriate knowledge and skills to set up and manage UCITS funds. All aspects of UCITS fund management and operations are covered with particular emphasis on risk management of all funds operations. You will learn about setting up and managing UCITS Funds in different jurisdictions, EU passporting, marketing, as well as fund governance and oversight. The programme includes case studies on pricing errors, investment breaches, failures of risk controls and of fund governance. We will also examine the areas of interest to regulators when reviewing funds and fund managers to help meet compliance requirements. What will you learn By the end of this course you will have a solid understanding of: Who Should Attend: This event will be of value to anyone running or setting up UCITS funds including fund management, transfer agency, fund accounting, compliance, audit, operational risk and depositary staff. From Asset and Fund Management, Investment Banking, Hedge Funds and Institutional Investors with the following background: Key Topics Covered: For more information about this training visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. View source version on CONTACT: Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: HUNGARY UNITED KINGDOM MALTA ROMANIA GREECE PORTUGAL POLAND GERMANY LUXEMBOURG BULGARIA LITHUANIA FRANCE FINLAND LATVIA SWEDEN ESTONIA BELGIUM SPAIN EUROPE AUSTRIA NETHERLANDS ITALY DENMARK IRELAND SLOVENIA CZECH REPUBLIC SLOVAKIA CYPRUS CROATIA INDUSTRY KEYWORD: PROFESSIONAL SERVICES BUSINESS FINANCE SOURCE: Research and Markets Copyright Business Wire 2025. PUB: 08/04/2025 08:32 AM/DISC: 08/04/2025 08:32 AM
