ICICI Prudential tips European flows into India

Mumbai-based ICICI Prudential Asset Management has licensed a new environmental, social and governance (ESG) index with a view to launching funds for foreign investors seeking exposure to India. The second largest asset manager in India, which manages $18.2 billion in assets, this month became the first licensee for Thomson Reuters’ CRI India 50 ESG Index. The firm – a joint venture between ICICI Bank and UK insurer Prudential – says ESG could become a differentiator for its inter…