Canara Bank of India and Robeco to launch asset management venture

The partnership will be one of equals in terms of governance, with Canara Bank retaining 51% of the shares. Canara Bank’s existing asset management arm, Canbank Mutual Fund, will form a part of the joint venture. There will be a 50-50 balance between retail and institutional clients, as well as between equity and other products, in terms of assets under management.

Canara Robeco Asset Management will offer plain vanilla funds and a flagship fund in every major asset class, followed by structured

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