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Talent shortage could slow Sebi’s PMS push into foreign securities
LiveMint reports that a talent crunch may limit how quickly portfolio management services firms can implement plans tied to India’s regulator, after Sebi allowed PMS companies to invest in foreign securities.
The outlet says demand for portfolio diversification beyond Indian markets is rising, but building investment teams with expertise across geographies, currencies, and regulatory regimes will likely take time.
LiveMint also notes that a similar hiring challenge already emerged with Sebi’s newly launched specialized investment funds, which use a long-short trading strategy that is not frequently utilized in Indian markets.
As a result, the report says there is a dearth of fund managers available for recruitment, while it adds that few Indian funds currently invest overseas.