Franklin Templeton plots China JV buyout, institutional push
The US fund manager, fresh from its acquisition of rival Legg Mason, sees China as a huge opportunity in respect of asset owners, both onshore and offshore.
Even as political tensions are seemingly rising by the day between Beijing and Washington, appetite to invest in China appears undimmed among asset owners and fund managers.
A case in point is Franklin Templeton, which aims to acquire the remaining 51% of its mainland asset management joint venture, Franklin Templeton Sealand. Moreover, the firm, which has just completed its purchase of rival Legg Mason, is understood to be planning a substantial buildout of its onshore mainland p…
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