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Franklin Templeton to bring offshore funds to India
February 8, 2010
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.
Fund launches have been a rarity in India over the past year-and-a-half. The industry was once based on opulent marketing campaigns for new funds, a practice that ended in 2008, when the Securities and Exchange Board of India (Sebi) ceased allowing the financing of these efforts to be amortised.
Original Posting At: AsianInvestor
Fund launches have been a rarity in India over the past year-and-a-half. The industry was once based on opulent marketing campaigns for new funds, a practice that ended in 2008, when the Securities and Exchange Board of India (Sebi) ceased allowing the financing of these efforts to be amortised.
Original Posting At: AsianInvestor
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