BNP Paribas leverages Carnegie connection
BNP Paribas Investment Partners has launched a new investment product — the Carnegie WorldWide Equity Trust — off the back of its alliance with Carnegie Asset Management.
Announcing the launch this week, the French-based company said it would provide Australian wholesale and New Zealand habitual investors with access to Carnegie Asset Management's global equity strategy.
It described Carnegie Asset Management as an independent asset manager based in Copenhagen with product exclusively distributed in Australia and New Zealand by BNP Paribas Investment Partners.
Commenting on the new product, BNP Paribas Investment Partners Australia chief executive, David Grybas, said Carnegie Asset Management endeavoured to understand and capitalise on the trends of the future, and its trend-based stock picking enabled it to do this.
He claimed investors in the Carnegie WorldWide Equity Trust would be able to benefit from this focused approach, as well as from the extensive expertise and strong performance culture of Carnegie's investment team.
BNP Paribas Investment Partners Australia announced its strategic alliance with Carnegie Asset Management in November last year.
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