positive
Recently
IIHL and Invesco complete joint venture for asset-management India push
IIHL and Invesco form a joint venture to tap India’s fast-growing asset-management market.
IndusInd International Holdings (IIHL) and Invesco Ltd have finalised their new asset-management joint venture in India, combining IIHL’s local distribution strength with Invesco’s global investment expertise. The new entity will target India’s rapidly expanding mutual-fund market and seek to build scale by leveraging both partners’ capabilities. Industry insiders say the move addresses rising retail participation and competitive pressure among AMCs. Investors will watch for how quickly the joint venture wins market share and the products it introduces.