Franklin Templeton launches Mena fund
The fundÆs sub-adviser, Algebra Capital, says the Middle East and North Africa region is the new Bric in terms of investment performance potential.
Franklin Templeton Investments (Asia) has launched the Franklin Mena Fund, which will invest in the Middle East and North Africa markets.The Mena region includes, but is not limited to, Saudi Arabia, the United Arab Emirates, Kuwait, Qatar, Bahrain, Oman, Egypt, Jordan, and Morocco.The fund will be managed by California-based Franklin Templeton, with Dubai-based Algebra Capital acting as sub-advisor. Franklin Templeton acquired a 25% stake in Algebra Capital, which is among the larges…
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