JioBlackRock and Invesco Expand Mutual Fund Offerings with New SIFs and ETFs
JioBlackRock plans to expand its mutual fund offerings over the next three years, including more specialised investment funds (SIFs), exchange-traded funds (ETFs), and offshore products via GIFT City. Following its Prism Hybrid Long-Short fund launch, it aims to introduce additional equity long-short SIFs and ETFs soon. Separately, Invesco Mutual Fund has launched its Summit Equity Long-Short Fund under its SIF platform, targeting alpha through long and limited short equity exposure. Both funds require a minimum investment of Rs 10 lakh and are currently open for subscription.