Franklin Templeton has now opened its Luxembourg-based Mena fund, playing financial services, logist...
Franklin Templeton has now opened its Luxembourg-based Mena fund, playing financial services, logistics and tourism themes. International CIO Stephen Dover will head up the vehicle with support from Dubai-based asset management firm Algebra Capital. Holding a concentrated portfolio of 40 to 60 stocks, the fund seeks growth and value across all sectors and market caps ranges in the Middle East and North Africa. Countries included are Saudi Arabia, UAE, Kuwait, Qatar, Bahrain, Oman, Egypt, Jordan and Morocco. Saudi Arabian investments will be through equity funds, overcoming restricti...
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