Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Israel Fund Market Offers Opportunities Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, November 29, 2004

Israel Fund Market Offers Opportunities

by: Sean Hanna, Editor in Chief

It looks like Franklin Resources is dipping its toes into the Israeli fund market. Globes, an Israeli online news service, reports that the San Mateo California-based fund firm has partnered with Ilanot Discount to launch a mutual fund in the Middle Eastern nation.

The move comes as the Israeli has recommended the separation of bank mutual fund and provident fund products. In response, Israeli banks are reportedly seeking foreign parters.

The initial joint effort between Franklin Templeton and Ilanot Discount will be the Ilanot Templeton Global fund. More funds are expected to be launched by the two firms down the road.

Templeton Investments will act as the subadvisor to the new fund and will manage it in the same style as the Templeton Global Fund in the United States.

"Franklin Templeton wants to break into the Israeli market," Shaul Zadka, Ilanot Discount general manager, told the news service. "The new funds will enable investors to exploit investment advantages outside Israel following the tax equalization, scheduled to come into effect at the beginning of January 2005. Franklin Templeton sees opportunities in the start of pension funds' activities in liquid markets,"  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use