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 fu...
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