{"id":94315,"date":"2024-07-30T00:00:00","date_gmt":"2024-07-30T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/franklin-templeton-launches-seven-feeder-funds-in-the-difc\/"},"modified":"2024-07-30T00:00:00","modified_gmt":"2024-07-30T00:00:00","slug":"franklin-templeton-launches-seven-feeder-funds-in-the-difc","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/07\/30\/franklin-templeton-launches-seven-feeder-funds-in-the-difc\/","title":{"rendered":"Franklin Templeton launches seven feeder funds in the DIFC"},"content":{"rendered":"

Asset manager Franklin Templeton launched seven feeder funds in the UAE<\/strong> yesterday, giving retail investors access to a diverse range of asset classes, including global and regional fixed income, technology, and Shariah-compliant strategies, Bloomberg<\/a> reports. The funds are domiciled in the Dubai International Financial Center. <\/p>\n

The details: <\/strong>The feeder funds will be available through locally licensed promoters, including onshore, conventional, and Shariah-compliant consumer banks. Standard Chartered acts as the feeder fund\u2019s administrator and custodian, Bloomberg quotes EMEA head of wealth solutions at the bank Ayesha Abbas as saying.<\/span><\/p>\n

Franklin Templeton\u2019s focus on the UAE \u2014 its largest retail market in the region \u2014 is part of a strategy to deepen relationships with local clients<\/strong> and offer more tailored investment options, given the country\u2019s population surge, the business information service quotes Franklin Templeton MENA head of retail Amar Mehta as saying. The asset manager will \u201ccontinue to monitor trends in the local market and the evolution of investors\u2019 appetite to expand our offerings in the future,\u201d he said.<\/p>\n

REMEMBER-<\/strong> The Securities and Commodities Authority (SCA) issued a decision<\/a> in April prohibiting funds and asset managers outside of the UAE from being publicly offered for retail subscription in the UAE. Domestic feeder funds \u2014 essentially a sub-fund that pools investment capital under a larger umbrella fund \u2014 are one way retail investors can gain access to foreign master funds.<\/p>\n

Efforts to boost asset management are paying off:<\/strong> The regulation \u2014 aimed at boosting the UAE\u2019s asset management industry and aligning it with Gulf standards \u2014 has prompted several UAE-based other asset managers to launch feeder funds. Allianz Global Investors and Daman Investments launched two onshore feeder funds<\/a> for retail investors last month, while Aditum Investment Management debuted<\/a> four public funds in the DIFC, with Standard Chartered acting as fund administrator and custodian. Standard Chartered also partnered<\/a> with securities depository Clearstream to include UAE-based funds on its Vestima platform enabling retail clients to invest in locally-domiciled funds. <\/p>\n

That\u2019s not all:<\/strong> Aditum Investment Management and UK manager Fundsmith<\/a> are launching a new UAE-based feeder fund, dubbed Fundsmith Global Equity Fund IC Open Ended, in 3Q 2024, Citywire<\/a> reported last week. The fund will offer retail investors access to Fundsmith\u2019s global equity strategy, which focuses on investing in blue-chip equities.<\/p>\n","protected":false},"excerpt":{"rendered":"

The feeder funds will be available through locally licensed promoters<\/p>\n","protected":false},"author":1,"featured_media":94316,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1547],"tags":[29,87,794,7,1393,907],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-94315","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capital-markets","tag-capital-markets","tag-dubai","tag-dubai-international-financial-center","tag-enterpriseam-uae","tag-finance","tag-securities-and-commodities-authority","wpautop","entry"],"acf":{"mongo_id":"d3b80ef8-2614-4a0d-90ba-158bf1e310ce","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/2421.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Franklin Templeton launches seven feeder funds in the DIFC","related_issue":[94310],"teaser":"The feeder funds will be available through locally licensed promoters","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.446cfaea-c360-4f6b-a07d-83e2f1df5334.mp3"},"yoast_head":"\nFranklin Templeton launches seven feeder funds in the DIFC - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/30\/franklin-templeton-launches-seven-feeder-funds-in-the-difc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Franklin Templeton launches seven feeder funds in the DIFC\" \/>\n<meta property=\"og:description\" content=\"The feeder funds will be available through locally licensed promoters\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/30\/franklin-templeton-launches-seven-feeder-funds-in-the-difc\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-30T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2421.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/07\/30\/franklin-templeton-launches-seven-feeder-funds-in-the-difc\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/07\/30\/franklin-templeton-launches-seven-feeder-funds-in-the-difc\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Franklin Templeton launches seven feeder funds in the DIFC\",\"datePublished\":\"2024-07-30T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/07\/30\/franklin-templeton-launches-seven-feeder-funds-in-the-difc\/\"},\"wordCount\":383,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/07\/30\/franklin-templeton-launches-seven-feeder-funds-in-the-difc\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2421.jpg?fit=%2C&ssl=1\",\"keywords\":[\"capital markets\",\"Dubai\",\"Dubai International Financial Center\",\"EnterpriseAM UAE\",\"Finance\",\"Securities and Commodities Authority\"],\"articleSection\":[\"CAPITAL MARKETS\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/07\/30\/franklin-templeton-launches-seven-feeder-funds-in-the-difc\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2024\/07\/30\/franklin-templeton-launches-seven-feeder-funds-in-the-difc\/\",\"name\":\"Franklin Templeton launches seven feeder funds in the DIFC - UAE\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/07\/30\/franklin-templeton-launches-seven-feeder-funds-in-the-difc\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/07\/30\/franklin-templeton-launches-seven-feeder-funds-in-the-difc\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2421.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-07-30T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/07\/30\/franklin-templeton-launches-seven-feeder-funds-in-the-difc\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/uae\/2024\/07\/30\/franklin-templeton-launches-seven-feeder-funds-in-the-difc\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/07\/30\/franklin-templeton-launches-seven-feeder-funds-in-the-difc\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2421.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2421.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/07\/30\/franklin-templeton-launches-seven-feeder-funds-in-the-difc\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/uae\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Franklin Templeton launches seven feeder funds in the DIFC\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"name\":\"UAE\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\",\"name\":\"UAE\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42998.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42998.svg\",\"caption\":\"UAE\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Franklin Templeton launches seven feeder funds in the DIFC - UAE","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/uae\/2024\/07\/30\/franklin-templeton-launches-seven-feeder-funds-in-the-difc\/","og_locale":"en_US","og_type":"article","og_title":"Franklin Templeton launches seven feeder funds in the DIFC","og_description":"The feeder funds will be available through locally licensed promoters","og_url":"https:\/\/enterpriseam.com\/uae\/2024\/07\/30\/franklin-templeton-launches-seven-feeder-funds-in-the-difc\/","og_site_name":"UAE","article_published_time":"2024-07-30T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2421.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/uae\/2024\/07\/30\/franklin-templeton-launches-seven-feeder-funds-in-the-difc\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/07\/30\/franklin-templeton-launches-seven-feeder-funds-in-the-difc\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Franklin Templeton launches seven feeder funds in the DIFC","datePublished":"2024-07-30T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/07\/30\/franklin-templeton-launches-seven-feeder-funds-in-the-difc\/"},"wordCount":383,"publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/07\/30\/franklin-templeton-launches-seven-feeder-funds-in-the-difc\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2421.jpg?fit=%2C&ssl=1","keywords":["capital markets","Dubai","Dubai International Financial Center","EnterpriseAM UAE","Finance","Securities and Commodities Authority"],"articleSection":["CAPITAL MARKETS"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/uae\/2024\/07\/30\/franklin-templeton-launches-seven-feeder-funds-in-the-difc\/","url":"https:\/\/enterpriseam.com\/uae\/2024\/07\/30\/franklin-templeton-launches-seven-feeder-funds-in-the-difc\/","name":"Franklin Templeton launches seven feeder funds in the DIFC - UAE","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/07\/30\/franklin-templeton-launches-seven-feeder-funds-in-the-difc\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/07\/30\/franklin-templeton-launches-seven-feeder-funds-in-the-difc\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2421.jpg?fit=%2C&ssl=1","datePublished":"2024-07-30T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/07\/30\/franklin-templeton-launches-seven-feeder-funds-in-the-difc\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/uae\/2024\/07\/30\/franklin-templeton-launches-seven-feeder-funds-in-the-difc\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/2024\/07\/30\/franklin-templeton-launches-seven-feeder-funds-in-the-difc\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2421.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2421.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/uae\/2024\/07\/30\/franklin-templeton-launches-seven-feeder-funds-in-the-difc\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/uae\/"},{"@type":"ListItem","position":2,"name":"Franklin Templeton launches seven feeder funds in the DIFC"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/uae\/#website","url":"https:\/\/enterpriseam.com\/uae\/","name":"UAE","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/uae\/#organization","name":"UAE","url":"https:\/\/enterpriseam.com\/uae\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42998.svg","contentUrl":"https:\/\/ent.news\/internal\/42998.svg","caption":"UAE"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2421.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2421.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2421.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/94315","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/comments?post=94315"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/94315\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/94310"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media\/94316"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media?parent=94315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/categories?post=94315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/tags?post=94315"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/brand?post=94315"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=94315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}