Franklin Asian Equity Fund to open on Monday
Franklin Templeton Investments will on Monday launch Franklin Asian Equity Fund, an open-end equity fund that will invest in Asian companies except Japan.
By INDIATIMES NEWS NETWORK |
MUMBAI: Franklin Templeton Investments will on Monday launch Franklin Asian Equity Fund, an open-end equity fund that will invest in Asian companies except Japan. The fund will close for initial subscription on Dec 18. The units have a face value of Rs 10 per unit.
“Strong economic and corporate fundamentals have resulted in global investors increasing their allocation to Asian markets, including India. While Indian equity markets have turned in a good performance in recent years, there are quite a few Asian markets which have done better.
In that sense, this fund will not only help Indian investors in improving the diversification of their portfolio but will also have a long term return potential similar to that of Indian markets,” said Vivek Kudva, president, Franklin Templeton India.
On the fund’s strategy, Sukumar Rajah, CIO – Franklin Equity and Principal Portfolio Manager, added, “We will be following a growth investment style focused on companies with relatively better growth prospects (could be high PE), return-on-equity, and/or return-on-capital employed ratios and also focus on mis-priced companies.We will follow a blended bottom-up and top-down approach that we believe is ideal for tapping into Asian ‘growth’ opportunities.”
“Strong economic and corporate fundamentals have resulted in global investors increasing their allocation to Asian markets, including India. While Indian equity markets have turned in a good performance in recent years, there are quite a few Asian markets which have done better.
In that sense, this fund will not only help Indian investors in improving the diversification of their portfolio but will also have a long term return potential similar to that of Indian markets,” said Vivek Kudva, president, Franklin Templeton India.
On the fund’s strategy, Sukumar Rajah, CIO – Franklin Equity and Principal Portfolio Manager, added, “We will be following a growth investment style focused on companies with relatively better growth prospects (could be high PE), return-on-equity, and/or return-on-capital employed ratios and also focus on mis-priced companies.We will follow a blended bottom-up and top-down approach that we believe is ideal for tapping into Asian ‘growth’ opportunities.”
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