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UniCredit To Distribute TKB BNP MFs
Italian bank UniCredit will start distributing 18 mutual funds of TKB BNP Paribas Investment Partners through its Russian branches.
Italian bankUniCreditwill start distributing 18 mutual funds ofTKB BNP Paribas Investment Partnersthrough its Russian branches,Bloombergreports. TKB BNP, a French-Russian venture, manages approximately $4.3 billion for domestic and international investors.
UniCredit will offer support to both its own Russian funds unitPioneer Global Asset Managementand TKB BNP. Eastern Europe’s biggest bank said in August this year that it is examining strategic options for Pioneer Global which was established in 2007 to sell mutual funds in Russia.
Click here for the story fromBloomberg.