Mobius to run Shariah-compliant Asian equity fund

Added 19th March 2013

Mark Mobius is lined up to manage a Shariah-compliant Asian Growth Fund, one of a trio to be launched by Franklin Templeton.

Mobius to run Shariah-compliant Asian equity fund

The funds, which include the first ever Ucits-structured, Shariah-compliant fund Franklin Templeton Global Sukuk (bond) Fund, will opened to international investors on March 25th. The firm is bringing the funds to market in response to growing interest in Shariah-compliant investment products.

Mobius will manage the Templeton Shariah Asia Growth Fund, with assistance from Dennis Lim and Allan Lam, senior managing directors and portfolio managers of the Templeton emerging markets group. At least 80% of the fund’s net assets will be invested in Asia-based company securities, excluding Australia, New Zealand and Japan.

Meanwhile, the Franklin Templeton Global Sukuk Fund, managed by Mohieddine (Dino) Kronfol, and Stephen Dover, is focused on fixed and floating rate Shariah-compliant securities issued by government, and government-related entities.

The management team, who take on the CIO for Mena fixed income and global Sukuk, and international CIO of Franklin Templeton local asset management roles respectively, have been managing Sukuk investments, the Shariah equivalent of bonds, since 2008.

Finally, Alan Chua, executive vice president, portfolio manager and research analyst with Templeton Global Equity Group, is managing the Templeton Shariah Global Equity Fund. This will invest in undervalued opportunities globally.

Franklin Templeton manages over $1bn in Shariah-compliant assets for its global client base, and uses a Shariah screening provider to ensure compliance with Islamic investment principles. All three new funds are independently reviewed and endorsed by the Amanie International Shariah Supervisory Board.

Mohieddine Kronfol said: “Islamic investors are seeking greater diversification, and exposure to Sukuk can reduce volatility while adding value to any Shariah-compliant equity or real estate portfolio. Franklin Templeton has been managing institutional Sukuk strategies for several years so we’re excited to be offering this asset class to a broader audience through a new Sicav fund. Notably, our Global Sukuk fund is the first fund in this essential category ever launched in the Ucits space.”

Visitor's Comments Add your comment

Add Your Comment

We won't publish your address


Regulatory landscape changes in the Middle East

Sponsored by Old Mutual International

Regulatory landscape changes in the Middle East...

Brendan Dolan, Regional Director, Middle East and Africa for Old Mutual International, talks about how the group is working with advisers as the regulatory landscape...

Square Mile Research

Matthews Pacific Tiger Fund
Matthews Pacific Tiger Fund...

Talking Factsheets is a video service for users...

About Author

International Adviser is aimed at global intermediaries who advise their HNW clients on International fund, life and banking products and tax efficient solutions to their cross-border needs


The turning tide of global equities

The turning tide of global equities

Despite a gloomy beginning to the year, global equities have started to outshine the backdrop of economic malaise that threatened their upward trajectory, with the index delivering 19.2%




Ashburton International
Ashburton International

Ashburton Investments is a new generation investment...



Offshore Bond Workshop Glasgow 2016
Offshore Bond Workshop Glasgow 2016

22nd November 2016
The Grand Central Hotel, Glasgow

Future Advisory Forum Dubai 2016
Future Advisory Forum Dubai 2016

23rd November 2016
Shangri-La Hotel, Dubai 

Sponsored Content

Investment Strategy