Franklin Templeton Investments (FTI) will be launching a suite of new funds including capital-guaranteed as part of its Asian operation extension into Indonesia, Malaysia, Taiwan and Vietnam.
On the retail level, Franklin Templeton Mutual Fund launched eight products in the Indian market.
In Taiwan, the firm is building a range of Taiwanese dollar-denominated mutual funds which will be launched this year.
Franklin Templeton's joint venture with the Commercial Bank for Foreign Trade of Vietnam, Vietcombank Bank Fund Management (VCBF), has an application pending with the Securities and Exchange Commission for three onshore open-end funds.
"We have identified three different product classes that we think would be appropriate for various segments of the market. They range from pure equity investments to a blend of equity and fixed income," head of corporate communications for Asia, Mae Loon (pictured) told SRP."As for Indonesia, that's a market where we are exploring opportunities to expand now," she said.
The US-based asset manager saw strong growth from its India and Singapore units with its Asia-Pacific assets under management growing by some 20% to $70.7bn in 2011, and more than $75.8bn by the end of this year's first quarter.