Franklin Templeton upbeat on SE Asia
New York-based investment group Franklin Templeton has said it will increase its focus on Southeast Asia, especially Malaysia, in 2013 as the region’s economic outlook brightens.
Templeton Emerging Markets Group executive chairman Mark Mobius, who oversees more than $40 billion of funds, paid a visit to Kuala Lumpur on January 7 and said the group may increase investments in Malaysia by 15 per cent this year based on the presumption the emerging Southeast Asian region will outperform many of the developed markets in 2013.
He said that especially Malaysian stocks were attractive for Franklin Templeton’s funds as they had “not very expensive” valuations. Last year, the group already had increased its investment in Malaysia by 15 per cent over 2011, he added.
Frankin Templeton is also keen to reach out to the growing sector of high net worth individuals in Malaysia as it is extending its reach into the retail segment in the country. The group has recently launched its first wholesale fund, Templeton Global Total Return, with Citibank Malaysia.
Franklin Templeton’s total assets under management were $753.9 billion as of October 31, 2012.
[caption id="attachment_6331" align="alignleft" width="300"] Mark Mobius, head of Templeton Emerging Markets Fund Inc[/caption] New York-based investment group Franklin Templeton has said it will increase its focus on Southeast Asia, especially Malaysia, in 2013 as the region's economic outlook brightens. Templeton Emerging Markets Group executive chairman Mark Mobius, who oversees more than $40 billion of funds, paid a visit to Kuala Lumpur on January 7 and said the group may increase investments in Malaysia by 15 per cent this year based on the presumption the emerging Southeast Asian region will outperform many of the developed markets in 2013. He said that...
New York-based investment group Franklin Templeton has said it will increase its focus on Southeast Asia, especially Malaysia, in 2013 as the region’s economic outlook brightens.
Templeton Emerging Markets Group executive chairman Mark Mobius, who oversees more than $40 billion of funds, paid a visit to Kuala Lumpur on January 7 and said the group may increase investments in Malaysia by 15 per cent this year based on the presumption the emerging Southeast Asian region will outperform many of the developed markets in 2013.
He said that especially Malaysian stocks were attractive for Franklin Templeton’s funds as they had “not very expensive” valuations. Last year, the group already had increased its investment in Malaysia by 15 per cent over 2011, he added.
Frankin Templeton is also keen to reach out to the growing sector of high net worth individuals in Malaysia as it is extending its reach into the retail segment in the country. The group has recently launched its first wholesale fund, Templeton Global Total Return, with Citibank Malaysia.
Franklin Templeton’s total assets under management were $753.9 billion as of October 31, 2012.
I wonder which existing stocks they are investing in and which stocks they think are undervalued and on what basis?