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Uncertainty Looms

Pinebridge Mutual Fund displays a lack of focus in operations & has limited to offer for now…

Recently renamed PineBridge, this AMC has little to offer or rejoice which could be due to the lack of focus with its operations and the repeated news of its imminent sale. Such developments have rendered the Indian operation directionless and off the priority list. A lot has changed for this AMC, which started its operation in 2007 when India was a preferred destination for asset management companies looking for a foothold to start operations. Back then, AIG had the necessary legacy and parentage of over a 100 years. However, we like its gold fund, which is an interesting offering, especially for its uniqueness of investing in companies engaged in the extracting, processing and marketing of gold through an international fund.