Franklin Templeton readies sukuk fund, builds Malaysia team
Having recently launched two sharia equity strategies, the US asset manager plans to manage more assets out of Kuala Lumpur.
California-based Franklin Templeton is building its Malaysian presence with a view to boosting its investor base for equity and fixed-income asset management, particularly on the Islamic funds side.
Having launched its first two institutional sharia-compliant strategies in September – one global equity and one Asia ex-Japan equity – the asset manager plans to launch a global sukuk (Islamic bond) product in first quarter of 2011.
The two newly launched strategies are initially av…
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