Franklin Templeton has said it will “gauge” interest in sterling share classes for a new range of Luxembourg-domiciled funds.
The asset manager has launched a European Income fund, an Asean fund and an Asia Credit fund, all domiciled in Europe.
Ian Wilkins, UK country head at Franklin Templeton, said: “The registration process to distribute the newly-launched Sicav funds in international markets (including the UK) will start over the next few weeks.
“We will typically gauge client demand for these strategies first before launching specific sterling share classes.”
David Zahn, head of European fixed income, and Robert Mazzuoli, a European equtiies manager, will manage the new European fund.
The vehicle will invest in equities and long and short term debt in Europe. It plans to allocate about 35 per cent to bonds and 65 per cent to equities.
Meanwhile, Dr Mark Mobius, executive chairman and portfolio manager of the Templeton emerging markets group will manage the new Asean fund.
This fund will invest in equities in the Asean region. This region includes, but is not limited to, the following countries: Brunei, Cambodia, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand and Vietnam.
Elsewhere, the Asia Credit fund will invest in mainly dollar-denominated government guaranteed debt, financial institutions and corporations in Asia excluding Japan.
The new fund will be managed by portfolio managers such as Eric Takaha and Marc Kremer as well as Ben Cryer and Latika Signorelli from the Franklin Templeton Fixed Income group.
