Franklin Templeton's robo tie-up could be first of many
The US asset manager has strategically invested into a Singapore-based robo services firm. Other fund houses could follow as automated investing continues to rise across Asia.
Franklin Templeton Investments' (FTI) decision to invest into Singapore-based robo services company Bambu could be the first of similar tie-ups, as asset managers seek to benefit from the huge potential of automated investing in Asia, say industry observers.
On August 30 Bambu, a business-to-business (B2B) robo-advisory platform provider, announced that FTI, venture capital firm Wavemaker Partners and fintech investor Robby Hikowitz had led and completed a round of funding for it.…
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