ABN AMRO Plans India, China Mutual Fund

ABN AMRO is planning to launch the Chindia Fund, a stock mutual fund that will invest at 35% of its assets in China and 30% in India, with the rest going to stocks, debt and money market securities in other international countries, Reuters reports.Through June 13, the Shanghai stock index is up 56% year to date, and India’s BSE index is up 1.57%.

The fund will charge an entry load of 6% and an exit load of 1% for redemptions within six months.