Quantum MF Files for Foreign Funds of Funds

The program will invest in different asset classes, with a diversified equity allocation across different geographies.

The list of funds the program will invest in includes Vanguard S&P 500 ETF, Vanguard FTSE Emerging Markets ETF, Vanguard FTSE Developed Markets ETF, Vanguard Growth ETF, Vanguard Long/Extended Duration Treasury ETF, Vanguard Intermediate Term Treasury ETF and SPDR Gold Shares/iShares Gold Trust / Other GOLD ETFs overseas.

The fund will invest at least 10% of the portfolio in ETFs from the S&P 500, emerging markets and developed markets. It will also invest a minimum of 5% in gold-based funds.

Program returns and risk will depend on the allocation of funds allocated across geographies and assets. According to the document, the program will build an allocation strategy based on the relative performance of each asset class/market, which in turn will be based on relative valuations and other macro-economic factors influencing each geography and asset class. assets. Allocations will be regularly reviewed and necessary portfolio changes will be made by the fund manager based on the analysis of various influencing factors.

The fund will be managed by Chirag Mehta.

Note that the underlying ETFs and/or index funds are not actively managed.

The program will be benchmarked against the S&P BSE Sensex index 60% + the Crisil Composite Bond Fund index 30% + gold prices 10%. The document stated that the benchmark was more representative of funds intended for a long-term average asset allocation strategy.

The FoF can invest a maximum of $60 million in foreign securities and $200 million in foreign ETFs within six months of the closing of the new fund offering.