Asset manager Franklin Templeton is awaiting FSA approval before launching three new SICAV funds.
The firm, which has more than £300bn assets under management, plans to launch the Templeton Global Absolute Return fund, the Franklin Strategic Income fund, and the Franklin Natural Resources fund.
The products will be part of the firm’s Luxembourg-domiciled Franklin Templeton Investment Funds (FTIF) range.
The managers on both the Absolute Return and Strategic Income offerings says they plan to use new powers available under UCITS III as part of their management of the funds.
Jamie Hammond, senior director of Global Advisor Services at Franklin Templeton, says: “We believe our new funds are an attractive extension to our existing SICAV range.
“These strategies are not new to Franklin Templeton Investments, which has considerable experience in managing both natural resources and innovative fixed income strategies for US investors and we are looking forward to the offering them to UK investors once FSA approval has been received.
“The Franklin Templeton Fixed Income Group which has accumulated more than 50 years of experience pursuing diversified sources of alpha across securities, sector and global markets is offering us two new strategies that may use the powers allowed under UCITS III.
“Franklin Templeton has considerable fixed income capability and these new fund launches enable us to leverage these resources to further expand the choices available to UK investors.
“In addition, The Franklin Natural Resources fund addresses a recognised gap in our SICAV fund range. The original US-registered Franklin Natural Resources fund was established in 1995 to take advantage of the favourable long-term outlook for oil, natural gas and related industries.”
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An added tier of asset management can of course deliver additional benefits for certain investors, writes Graham Bentley - just be sure you can justify it to the regulator and, especially, the client
The government is "in daily contact" with industry figures over the pensions dashboard as it prepares for the roll-out and its feasibility report, Guy Opperman has said.
Organisation led by Johnny Timpson
From 1 April 2019
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