Franklin Templeton, a global asset management firm, declared the launch of seven fresh feeder funds tailored for the UAE retail sector, all based in the Dubai Financial Centre (DIFC). Amar Mehta, the retail head for the Gulf, Eastern Mediterranean, and Africa regions at Franklin Templeton, highlighted that these new funds will enable local UAE investors to access a diverse array of asset classes, sectors, and geographical markets, encompassing multi-asset income, global and regional fixed income, technology, and Shariah-compliant strategies.
Mehta further explained that the primary aim of these new feeder funds is to channel investments into Franklin Templeton’s Luxembourg and Ireland-based UCITs funds. The master funds, including the Franklin Global Sukuk Fund, Franklin Gulf Wealth Bond Fund, and Franklin Shariah Global Multi-Asset Income Fund, are exposed to the GCC markets. The minimum investment threshold is set at $1,000 (Dh3,670), with no upper limit on investment amounts. Investors will be presented with a broad selection of top-tier strategies from Franklin Templeton, along with enhanced accessibility to strategies managed by seasoned investment teams.
Mehta also noted that the introduction of these funds is well-timed, considering the rising demand for multi-asset income, global and regional fixed income, technology, and Shariah-compliant strategies. The company will continue to observe local market trends and investor preferences to expand its offerings in the future. Jaspal Sagger, the head of global product strategy at Franklin Templeton, added that these new funds leverage the firm’s robust global platform and deep local market expertise, a key competitive advantage.
Additionally, Franklin Templeton unveiled two new fund ranges domiciled in the DIFC – Franklin Templeton Investments Feeder Funds and Franklin Templeton Shariah Feeder Funds. Sandeep Singh, the head of CEEMEA & India at Franklin Templeton, emphasized the firm’s commitment to fostering closer client partnerships and ensuring easy access to its investment solutions and specialized investment managers. Franklin Templeton has been active in the UAE for nearly 25 years, with its DIFC office housing investment and research professionals across various sectors.
