$1.4 Trillion Franklin Templeton Launches Franklin Sealand China A-Shares Fund in Singapore, Invests into China A-Shares with Maximum of 20% Portfolio into China Companies on Hong Kong Exchange
29th June 2023 | Hong Kong
Franklin Templeton with $1.4 trillion AUM (Assets under Management) has launched the Franklin Sealand China A-Shares Fund in Singapore, investing into China A-Shares and maximum of 20% of portfolio into China companies on Hong Kong Exchange (HKEX). Franklin Sealand China A-Shares Fund targets 33 to 55 stocks in portfolio with the top 10 holdings representing 45% to 55% of portfolio. Franklin Templeton Sealand Fund Management Co with $13 billion AUM, was established in 2004 as a Shanghai-based joint venture with Franklin Templeton. The Franklin Sealand China A-Shares Fund is a sub-fund of Franklin Templeton Investments Funds (FTIF), a Luxembourg-domiciled SICAV. China A-shares are listed-companies traded in Renminbi (RMB, China) on SSE (Shanghai Stock Exchange) and SZSE (Shenzhen Stock Exchange) in China. More info below.
“ $1.4 Trillion Franklin Templeton Launches Franklin Sealand China A-Shares Fund in Singapore, Invest sinto China A-Shares with Maximum of 20% Portfolio into China Companies on Hong Kong Exchange “
Christian Bucaro, Franklin Templeton Head of Retail for Asia: “We are excited to offer this new Franklin Sealand China A-Shares Fund to retail investors in Singapore. The experienced China-based investment team has a long track record managing China A-shares, and the China A-shares market offers access to many quality companies with robust growth potential, competitive risk-return profiles, liquidity and market depth. Against the backdrop of improved access to the Chinese market with enhanced investor protection, and market structure driven by continued reforms and the opening up of China’s capital markets, we believe that this strategy should appeal to investors who are looking to diversify their portfolios through high growth opportunities in onshore Chinese equities.”
Lirong Xu, General Manager & Chief Investment Officer of Franklin Templeton Sealand Fund Management Co: “We remain bullish on the medium- to long-term development of the Chinese equity market, and China’s economic growth potential remains significant. We believe that China’s consumption-led post-reopening recovery is still on track, although it will require more time for it to pan out. Our investment approach balances high conviction with diversification by employing a bottom-up and fundamentally research-driven process focusing on corporate quality and a rigorous valuation process. We generate alpha by investing in companies across a diverse range of sectors with sustainable competitive advantages, compelling growth prospects and well-governed management teams, whilst still trading at reasonable valuations. With inflows into China equities on index inclusions and growth opportunities, supported by a shift in the country’s domestic money flows from household savings to equity assets, we are confident that the China A-shares market can provide good opportunities for active investors.”
$1.4 Trillion Franklin Templeton Launches Franklin Sealand China A-Shares Fund in Singapore
Franklin Sealand China A-Shares Fund
The Franklin Sealand China A-Shares Fund’s investment objective is long-term capital appreciation by investing primarily in China A-shares, equity securities of mainland Chinese companies listed in Mainland China. This includes China A-shares available through Shanghai-Hong Kong Stock Connect, Shenzhen-Hong Kong Stock Connect, the Qualified Foreign Investor (QFI) channel, Undertakings for Collective Investment (UCIs) and/or any permissible means available to the fund under prevailing laws and regulations. The fund may also invest up to 20% of its portfolio in equity securities of Chinese companies listed on the Hong Kong Stock Exchange (including H-shares, Red-chips and P-chips).
This new fund focuses on approximately 35 to 55 stocks for its portfolio. These companies are diversified across industries, sectors and market capitalisation, with a focus on mid- and large-capitalisation stocks. The fund’s top ten holdings are expected to account for approximately 45% to 55% of the portfolio.
Franklin Templeton Sealand Fund Management Co., Ltd.
Franklin Templeton Sealand Fund Management Co., Ltd. was established in 2004 as a Shanghai-based joint venture with Franklin Templeton and has over 18 years of experience navigating different market cycles and policy environments and more than 10 years managing China A-shares mandates for international investors. Deeply integrated with the global Franklin Templeton platform, its on-the-ground, strong and experienced investment team comprises of 44 professionals dedicated to trading, research and investing in China’s markets, nine of which are equity portfolio managers with an average of 16 years industry experience and 15 of which are equity analysts with an average of eight years industry experience, making them one of the most stable teams in China’s domestic market. With approximately US$13.06 billion in assets under management as of March 31, 2023*, it offers a full suite of products, fully-fledged corporate governance and process-disciplined risk management and compliance monitoring.
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organisation with subsidiaries operating as Franklin Templeton and serving clients in over 155 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialisation on a global scale, bringing extensive capabilities in equity, fixed income, alternatives and multi-asset solutions. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has 75 years of investment experience and approximately US$1.4 trillion in assets under management as of May 31, 2023.
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