Franklin Templeton Investments has launched new Franklin GCC Bond Fund, a sub-fund of its Luxembourg-registered Franklin Templeton Investment Funds SICAV range.
Franklin Templeton said that the new fund will provide access to the bond markets of the Gulf Cooperation Council (GCC) member countries to investors.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The new fund will invests in fixed or floating-rate debt securities and obligations issued by government, government-related or corporate entities located in GCC member countries.
It may also purchase similar securities and obligations issued by entities based in the wider Middle-East and North Africa (MENA) regions as well as supranational entities organised by several national governments, such as the International Bank for Reconstruction and Development, the company said.
Mohieddine Kronfol, chief investment officer, Global Sukuk and MENA Fixed Income, Franklin Templeton Investments (ME) Limited, has been named the lead manager of the newly launched fund.
He will be supported by portfolio manager Sharif Eid and senior research analyst Franck Nowak. The investment team will be based in Dubai.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
