Non-Mainstream Pooled Investment Products

RNS Number : 6310K

India Capital Growth Fund Limited

26 June 2014

 



26 June 2014

India Capital Growth Fund Limited (the "Company")

(a closed-ended investment company incorporated with limited liability under the Laws of Guernsey with registered number 43916)

Statement regarding Non-Mainstream Pooled Investment Products

The Board of Directors has sought legal advice on the impact of the rules published by the Financial Conduct Authority ("FCA") in relation to the marketing of Non-Mainstream Pooled Investment Products.

Based on this advice, the Board believes that the Company's Shares are excluded from the FCA's restrictions which apply to non-mainstream pooled investments principally because the returns to investors are, and are expected to continue to be, wholly or predominantly linked to, contingent on, highly sensitive to or dependent on, the performance of or changes in the value of its underlying portfolio of shares.

Accordingly the Board believes that the Company's shares can be recommended by independent financial advisers to retail investors.

All Enquiries:

Stephen Cuddihee

Apex Fund Services (Guernsey) Limited

Tel:       [phone]

Philip Secrett/Jen Clarke/Jamie Barklem

Grant Thornton UK LLP, NOMAD

Tel:       [phone]

Company website: www.indiacapitalgrowth.com 

 

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