Franklin Templeton to bring offshore funds to India
Franklin Templeton is following recent moves by BlackRock, Fidelity, JP Morgan and Mirae to introduce feeder-fund structures to the Indian market.
Franklin Templeton is gearing up to break a long period of stasis in India's funds industry by introducing its first offshore products. The move follows similar launches from BlackRock, JP Morgan Asset Management and Mirae Asset. Fidelity International, which closed its first feeder fund in India in December, a tactical commodity-stock product, is also now re-opening to additional marketing.
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