Riyadh - Sharikat Mubasher: Franklin Templeton, a global leader in asset management, announced launching two funds in Saudi Arabia to provide global investors access to the Saudi market.
This announcement was made during the eighth edition of the Future Investment Initiative conference (FII8), in the presence of Saudi Minister of Investment Khalid Al Falih and other senior officials, a recent statement unveiled.
The FTIF Saudi Arabia Bond Fund will invest in debt securities and obligations issued by government and corporate entities in the region. It will be managed Mohieddine Kronfol, Chief Investment Officer for Franklin Templeton Fixed Income.
The second product, Franklin Saudi Arabia UCITS ETF, will track the FTSE Saudi Arabia 30/18 Capped index, which consists of 64 large and mid-cap Saudi Arabian equities.
Both funds will be registered for sale in multiple countries, providing global investors the opportunity to participate in the economy’s growth through both fixed income and equity investments.
FII8 took place in the Saudi capital from 29 to 31 October, gathering world leaders, ministers, CEOs, investors, founders, and public policy experts in finance, sustainability, energy, geoeconomics, and space sectors.
