bulletEDITOR'S PICKS

 

Bond portion control – Technical briefing

From Tax & Technical Dec 17 2014 @ 05:18

A bond’s ownership structure can be adapted, futureproofing a family’s investment as their needs...
view article

EEA action group claims FSA ‘unlawfully restricted human rights’

From Products Dec 15 2014 @ 17:27

An action group for life settlement fund investors has accused the FSA of “unlawfully restricting...
view article


bulletRELATED ARTICLES

 

bulletNEWS

 

LATEST NEWS

IFAs: Support trade associations or jeopordise independence

IFAs: Support trade associations or jeopordise independenceThe last month has been one of travel. Firstly a symposium to address in Toronto...
view article

Gov't proposes FCA enforcement overhaul

From Tax & Regulation Dec 19 2014 @ 11:46

SLI global expansion set to continue into 2015

From United Kingdom Dec 19 2014 @ 11:17

MORE FROM Analysis

LATEST NEWS

Axa agrees sale of Romanian business

Axa agrees sale of Romanian businessAxa has announced the sale of its life and savings insurance operations in Romania...
view article

HK firms must fix failures in sale practices...

From Asia Dec 18 2014 @ 15:57

Rysaffe set to continue following Gov’t...

From Tax & Regulation Dec 18 2014 @ 15:46

MORE FROM Europe

LATEST NEWS

JPM AM acquires Aviva Investors Asia Pacific platform

JPM AM acquires Aviva Investors Asia Pacific platformJP Morgan Asset Management has acquired Aviva Investors’ Asia Pacific Real...
view article

Jailed IFA banned from industry

From United Kingdom Dec 18 2014 @ 11:13

Barings to debut with three Hong Kong domiciled...

From Products Dec 18 2014 @ 10:54

MORE FROM Asia



Mobius to run Shariah-compliant Asian equity fund

From Products Mar 20 2013 BY: Claire Wilson , online reporter , Portfolio Adviser

Add to My News Comments (0)

Add to My News Print

Add to My News

add to twitter

add to linkedin


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

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.”

Add to My News Comments (0)

Add to My News Print

Add to My News

add to twitter

add to linkedin




TAGS:

COMMENTS


Have your say

(Be the first to) Have your say!

Please sign in or register here to leave a comment. Registration is free and only takes a few moments.






Share us on Twitter

SHARE US ON TWITTER
Join the community

Join us on Linked In

SHARE ON LINKED IN
Inform your colleagues

Switch to our mobile site

SWITCH TO MOBILE SITE
News on the go

Back tot he top of the page

BACK TO TOP OF PAGE
Just click here...