bulletEDITOR'S PICKS

 

‘The regulatory train has left the station’: FLinks 2014

From Life Sep 25 2014 @ 14:57

Senior asset management figures have said adapting to pension changes, finding alternative...
view article

FCA urges EEA investors to register mis-selling complaints

From Products Sep 24 2014 @ 11:16

In a highly unusual step, the Financial Conduct Authority has issued a statement urging...
view article


bulletRELATED ARTICLES

 

bulletNEWS

 

LATEST NEWS

Flinks 2014: International life industry 'optimistic' about its future

Flinks 2014: International life industry A significant majority of high level figures representing international life and...
view article

Pacific Sun Advisors takes case to Court of...

From Asia Oct 1 2014 @ 16:43

St James’s Place says UAE office plans ‘no...

From Middle East Oct 1 2014 @ 15:24

MORE FROM Life

LATEST NEWS

RBC GAM launches Asia Ex-Japan fund

RBC GAM launches Asia Ex-Japan fundA new fund has been launched by RBC Global Asset Management (RBC GAM) to give...
view article

IFS signs 'first of its kind' deal with...

From Asia Oct 1 2014 @ 11:01

First Names Group acquires Jersey trust...

From United Kingdom Oct 1 2014 @ 10:30

MORE FROM Asia

LATEST NEWS

Brooklands Pensions adds Gibraltar QROPS to international range

Brooklands Pensions adds Gibraltar QROPS to international rangeBrooklands Pensions has launched a Gibraltar QROPS which includes a lite option.
view article

Montreux launches Isle of Man domiciled...

From Products Sep 30 2014 @ 17:40

HMRC to extract tax debt from wages in...

From Tax & Regulation Sep 30 2014 @ 17:15

MORE FROM Retirement



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...