Indian mutual fun investors can now take a call on US equities by investing in NFO (New Fund Offer) that will invest in a $ 234 crore US fund.
Franklin Templeton on recently announced the launch of a new open ended fund of funds called 'FT India Feeder-Franklin US Opportunities Fund".
The NFO will be open to January 31, 2012. The fund will invest into the Luxembourg-domiciled Franklin US Opportunities Fund, which invests in US based companies across sectors and market capitalisation range.
Launched in 2000, the master fund invests in US companies which have above average growth and profitability relative to the
overall economy. The fund has about 90 stocks in its portfolio and 75% them are large cap
stocks.
According to Franklin Templeton officials,'' FT India Feeder-Franklin US Opportunities Fund is first actively managed fund for US to be launched in India".
Franklin Templeton on recently announced the launch of a new open ended fund of funds called 'FT India Feeder-Franklin US Opportunities Fund".
The NFO will be open to January 31, 2012. The fund will invest into the Luxembourg-domiciled Franklin US Opportunities Fund, which invests in US based companies across sectors and market capitalisation range.
Launched in 2000, the master fund invests in US companies which have above average growth and profitability relative to the
overall economy. The fund has about 90 stocks in its portfolio and 75% them are large cap
stocks.
According to Franklin Templeton officials,'' FT India Feeder-Franklin US Opportunities Fund is first actively managed fund for US to be launched in India".
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