Business Moves

Templeton receives Malaysia fund license

By Rita Raagas De Ramos | 3 April 2008
Keywords: templeton | malaysia

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The firm considers Malaysia its second biggest market in Southeast Asia next to Singapore.

Franklin Templeton Investments has become the fifth foreign fund manager to receive a license from the Securities Commission to operate in Malaysia, marking the firm’s latest expansion in Asia.

The firm, which has around $605 billion in assets under management worldwide, joins Aberdeen Asset Management, Nomura Asset Management, BNP Paribas Asset Management, and Credit Agricole Asset Management in catering to institutional investors in Malaysia.

In line with opening its doors to foreign capital after an eight-year absence since the 1997 Asian financial crisis, Malaysia ...

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