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Franklin Templeton bringing a Bric onshore

Franklin Templeton is setting up an onshore version of Mark Mobius’s offshore Bric fund as part of a wider push into the UK market.

The firm is to offer a further four onshore funds and adding sterling share classes with distributor status for UK investors on 13 of its existing Luxemburg-domiciled portfolios.

The Bric fund launch follows similar moves from Allianz and Swip.

Franklin Templeton is also aiming to set up global real estate, global value, India and Asian bond funds.

Mobius built his reputation as one of the leading emerging markets fund managers and the Bric fund will invest in Brazil, Russia, India and China.

The offshore funds being made available to UK investors include the firm’s Eastern European, China growth, global bond and Latin American funds. The annual management charges range from 1.5 to 2.1 per cent.

Franklin Templeton sales and marketing director Jamie Hammond says: “Due to increasing demand from IFAs, we are pleased to launch 13 new sterling share classes allowing UK investors to utilise their annual capital gains tax exemption. We are seeing great interest in areas such as Bric economies and global Reits and our new funds will enable investors to access these areas.”


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