Summary of Proposed Investment
Project Number
5040
Company Name
OCBC Alliance IFC Asia Emerging Markets Index Fund
Date SPI Disclosed
Nov 15, 1995
Country
Southeast Asia Subregion
Industry
Funds
Status
Completed
Sector
Foreign Portfolio Index Fund
Department
Regional Industry - FIG Asia & Pac
Environmental Category
C - No Impact
Previous Events
Approved : Mar 14, 1996
Project Description
Summary Of Project Information (SPI)
| Project Name | OCBC Alliance IFC Asia Emerging Markets Index Fund |
| Region | Asia |
| Sector |
Projected Board DateDecember 21, 1995
Company NameOCBC Alliance IFC Asia Emerging Markets Index Fund
Technical Partner and/or Major Shareholders
Alliance Capital Management L.P., New York, U.S.A
Project Cost Including proposed IFC investment
The initial size of the Fund is targeted at US$100 million, IFC’s investment would be US$5 million.
Location of project and Description of site
The Fund would be organized as a semi-open-ended unit trust domiciled in Singapore.
Description of Company and Purpose of Project
The Fund would be the first passively-managed emerging market equity fund targeted at the Asian stock markets comprising the IFCI Asia Index designed to meet the demands of Asian institutional investors. The Fund would be designed with a umbrella structure to invest in ten sub-funds one each for the ten markets that comprise the IFCI Asia Index (China; India; Indonesia; Korea; Malaysia; Pakistan; Philippines; Sri Lanka; Taiwan, China; and Thailand). The establishment of the Fund would further IFC’s strategy to encourage passive investment in the emerging markets based on the IFCI Indexes. IFC’s co-sponsorship of index funds would help to mobilize substantial amounts of new long-term foreign investment to its developing member countries.
Environmental Category and Issues
This is a category “C” project under IFC’s environmental review procedure, no further environmental review is required.
| Date SPI sent to PIC | November 15, 1995 |
For Additional Information contact: Corporate Relations Unit -
telephone: (202) 473-7711
facsimile: (202) 676-0365
Sponsor / Cost / Location
Related ESRS/ERS
