Frostrow Appointment

RNS Number : 7412M

India Capital Growth Fund Limited

01 May 2018

 

1 May 2018

Joint Statement: India Capital Growth Fund Limited ("the Company" or "IGC") and Frostrow Capital LLP

India Capital Growth Fund appoints Frostrow Capital as its UK marketing and distribution partner

India Capital Growth Fund ("IGC"), (LSE: IGC), a core fund of Ocean Dial Asset Management, today announced that it has appointed Frostrow Capital LLP to serve as its marketing and distribution partner in the UK. In this role, Frostrow Capital will provide a range of services that will enhance IGC's engagement with current and potential investors, analysts, independent financial advisors, and central research teams, among other stakeholders.

Elisabeth Scott, Chairman of India Capital Growth Fund commented;

"Frostrow has an impressive track record of working with specialist investment trusts such as IGC in helping to unlock value for shareholders, and we are delighted to be working with them."

David Harris, Head of Distribution at Frostrow Capital, stated, "We are excited to partner with IGC, which offers investors a unique and interesting way to participate in India's continuing growth prospects. Primarily targeting small and mid-cap Indian equities, IGC is differentiated from other India-focused investment trusts, providing direct exposure to an under-researched area of the Indian stock market. Working alongside with brokers Stockdale Securities and Maitland PR, we are confident that we will be successful in taking IGC's message to a wider audience, broadening and diversifying the shareholder base."

About Ocean Dial Asset Management

Ocean Dial Asset Management is a London-based asset management company, which aims to provide investors access to the Indian growth story. Ocean Dial currently manages in the region of US$600m in long-only Indian equities, across five funds: the London-listed India Capital Growth Fund, Gateway to India Fund (closed to new investors as of May 2017), Systematic India Return Fund, Emerging India Fund and Composite India Fund.

For more information about Ocean Dial Asset Management, please visit www.oceandial.com.

About Frostrow Capital LLP

Frostrow Capital LLP is an independent investment companies group and AIFM, specialising in providing services to a growing number of leading London Stock Exchange-listed investment companies, whose combined market capitalisation amounts to approximately £7.5 billion. Founded in 2007, Frostrow Capital is an owner-managed and FCA-regulated firm with a core team whose combined investment company experience exceeds 120 years.

For more information about Frostrow Capital LLP, please visit www.frostrow.com.

Enquiries:

Tim Adams

Ocean Dial Asset Management

[phone]

[e-mail]

David Harris

Frostrow Capital LLP

[phone]

[e-mail]

Stephen Cuddihee

Apex Fund Services (Guernsey) Limited

[phone]

[e-mail]

Robert Finlay

Stockdale Securities (Broker)

[e-mail]

[phone]

William Clutterbuck

Maitland PR

[phone]

[e-mail]

 

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