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.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
