KUALA LUMPUR: The world’s second-largest asset manager by market value plans to lure some of the US$376bil parked in Malaysian bank deposits by setting up global Islamic stock and bond funds in Kuala Lumpur next year.
Franklin Templeton Investments, which has more than US$801bil in assets, would seek approval from the regulator to start at least two syariah-compliant funds to serve as offshoots from the three it had in Luxembourg, country head Sandeep Singh said in an interview.
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