Franklin Templeton taps into emerging markets
Franklin Templeton Investments has announced the launch of a global emerging markets fund for Australian investors.
The Templeton Emerging Markets Fund is a unit trust made available in local currency. Heading the fund as lead portfolio manager is Dr Mark Mobius, a pioneer in emerging markets with over 20 years experience.
According to Mobius, the fund’s team employs more than 30 portfolio managers and analysts located in 13 countries.
“We are seeking tremendous opportunities to invest in companies across various sectors in emerging markets from Eastern Europe, the Asia Pacific region, Africa to Central and South America,” said Mobius.
“Many emerging markets have robust gross domestic product growth, trade surpluses, high foreign reserves, low inflation, strong investment and domestic demand — an environment where companies can flourish.”
Mobius said the objective would be to seek long-term capital growth by investing primarily into the securities of companies located in emerging markets across the globe.
AUTHOR
George Liondis
Recommended for you
Pendal has told investors it will start winding up its Enhanced Credit fund from December, its third fund closure this year.
A potential acquisition of Platinum Asset Management by Regal Partners will be beneficial for the “challenged” fund manager, believes Morningstar, but it has warned fund management mergers don’t always run smoothly.
Fund managers made a “big shift” into bond-sensitive sectors like utilities in September and away from cyclicals, while risk appetite is at an 11-month low.
Ahead of the RBA’s upcoming monetary policy meeting next week, BlackRock Australasia has reaffirmed the market’s view that rate cuts are likely out of the picture for 2024.
