Franklin Templeton Investments has expanded its global multi-asset solutions capabilities by launching a new open architecture offering.
The new open architecture offering will allow financial institutions to address the needs of a specific global investor base by providing a tailored suite of multi-asset, open architecture funds.
With this solution, investors will benefit from the company’s global footprint and investment management team with the added flexibility to incorporate third-party managers for a one-stop multi-asset solution.
The offering will enable Franklin Templeton Solutions to develop comprehensive portfolio solutions for investors by allocating to a mix of in-house and third-party mutual funds and exchange traded funds (ETFs).
Franklin Templeton Solutions investment team will create portfolios designed to meet the needs of investors in different regions and countries across the world.
Franklin Templeton Solutions executive vice president and head Rick Frisbie said: "Most recently, we worked with Citi’s Global Consumer Business to understand key fund features and marketing support needs that could help meet the needs of its emerging affluent segment, and we developed a new suite of open architecture funds, managed by the Franklin Templeton Solutions investment team, that are designed to respond to those needs.
"We view this offering as a significant opportunity to expand visibility and access to our multi-asset investment expertise alongside a premier global financial institution."
Franklin Templeton Investments co-president Vijay Advani said: "Our ability to develop this suite of funds is a testament to our success in building out our robust investment solutions capabilities and the confidence clients have in the expertise we bring in building a global range of funds to meet the needs of investors around the world. "