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Mutual funds add global stocks for higher returns

Mutual funds add global stocks for higher returns

31 May 2021

Domestic fund managers are increasingly looking to bring an international flavour to equity portfolios they handle as they look at large swings in performances. At least six equity funds have added shares of global companies in their holdings as part of direct stock allocations in the past year or so. So far, a majority of the overseas allocations of domestic schemes have been by investing in another fund abroad. In addition, there are several