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DSP BlackRock Investment Managers launches DSP BlackRock World Energy Fund

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DSP BlackRock Investment Managers has announced the launch of DSP BlackRock World Energy Fund. The scheme is a feeder fund into the BlackRock Global Funds (BGF) – World Energy Fund which invests in equity securities of Oil & Energy companies. These companies generally operate across various geographies and enjoy considerable pricing flexibility.

The scheme can also invest a maximum of 30% in the BGF – New Energy Fund, which invests in equity securities of new energy companies, engaged in alternative energy and energy technologies including renewable energy and alternative fuels. The New Fund Offer (NFO) will commence on July 10, 2009 and close on July 31, 2009.
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