Franklin Templeton, a global asset management company, has announced the establishment of seven new feeder funds for the UAE retail market. These funds are domiciled in the Dubai Financial Centre (DIFC) and provide local access to a wide range of asset classes, sectors, and geographies. The UAE retail investors can now invest in Franklin Templeton’s respective Luxembourg and Ireland-domiciled UCITs funds, including exposure to the GCC region.
Amar Mehta, head of retail for Gulf, Eastern Mediterranean, and Africa at Franklin Templeton, stated that the minimum subscription amount for the new feeder funds is $1,000 with no cap on the maximum investment amount. Investors will have access to best-in-class strategies and experienced investment teams. The introduction of these funds is timely considering the increasing demand for multi-asset income, global and regional fixed income, technology, and Shariah-compliant strategies.
With the new feeder funds, UAE retail investors will benefit from Franklin Templeton’s extensive investment capabilities across various asset classes, sectors, and geographies. The company plans to monitor market trends and investors’ appetite to expand its offerings in the future. Jaspal Sagger, head of global product strategy at Franklin Templeton, highlighted the firm’s commitment to meeting the needs of clients by providing access to a robust global platform combined with local market expertise.
In addition to the feeder funds, Franklin Templeton also announced two new DIFC-domiciled fund ranges – Franklin Templeton Investments Feeder Funds and Franklin Templeton Shariah Feeder Funds. Sandeep Singh, Head of CEEMEA & India at Franklin Templeton, emphasized the company’s commitment to building closer partnerships with clients by offering access to a wide range of specialized investment managers. The goal is to provide investors with solutions as building blocks for their portfolio allocations.
Franklin Templeton has been operating in the UAE for nearly 25 years, with its office located in the DIFC. The company’s office includes investment and research professionals covering Mena Fixed Income and Global Sukuk, Frontier and Mena Equities, as well as Mena Private Credit and Private Equity teams. The establishment of the new feeder funds and fund ranges reflects Franklin Templeton’s ongoing commitment to providing innovative investment solutions to the UAE retail market and building stronger partnerships with clients.
