Funds
PRESS DIGEST-Financial Times, Wall St Journal Asia editions
SINGAPORE, May 12 (Reuters) - The Financial Times and the Wall Street Journal carried the following stories in their Asia print and/or Web site editions on Monday. Reuters has not verified these stories and does not vouch for their accuracy. Full Article
Lotus India plans long/short stock mutual fund
MUMBAI, May 9 (Reuters) - Lotus India Asset Management Co Pvt Ltd on Friday filed initial papers with the Securities and Exchange Board of India for a long/short equity fund. Full Article
Mirae Asset plans Indian sector leaders stock fund
MUMBAI, May 9 (Reuters) - The Indian unit of South Korea's biggest fund firm Mirae Asset plans to launch an equity scheme that will invest in leading firms in terms of market capitalisation or market share. Full Article
Reliance Capital to offer insurance cover on funds
MUMBAI, May 9 (Reuters) - Indian mutual fund firm Reliance Capital Asset Management Ltd said on Friday it will offer life insurance cover investors opting for systematic investment plan (SIP) route in 11 of its funds. Full Article
Citigroup unveils turnaround plan
May 9 - Citigroup's new CEO Vikram Pandit said the company will shed $400 billion in assets as he moves to lead America's largest bank back to profitability. Play Video
| Symbol | Bid | Ask |
|---|---|---|
| BRENT CRUDE | $124.76 | $124.79 |
| GOLD | $2,960.00 | $2,962.00 |
| SILVER | $565.40 | $566.50 |
