Franklin Templeton launches 7 UAE feeder funds

Franklin Templeton is launching seven feeder funds in the UAE for retail investors, adapting to new regulations. These funds, available through local licensed promoters, offer diverse asset classes, including fixed income, technology, and Shariah-compliant strategies.

Amar Mehta, Franklin Templeton’s head of retail for the region, highlighted the UAE as their largest retail market and expressed plans to expand offerings.

The UAE’s Securities and Commodities Authority (SCA) now bans the promotion of foreign funds to retail investors to boost the local asset management industry.

In response, firms like Franklin Templeton and Allianz Global Investors have introduced onshore feeder funds. Standard Chartered Plc will act as the administrator and custodian of these funds.

Attribution: Bloomberg