There is definite proof that sustainability-focused funds are outperforming their conventional counterparts. But some experts believe the traditional explanations for this are wrong.
This marks ICBCÆs third QDII offering to Chinese retail investors. It also marks TempletonÆs recent expansion in China. Previously, TempletonÆs funds were also selected by Bank of ChinaÆs investment team for its proprietary QDII product. The fund manager has secured a joint venture with the countryÆs biggest insurer China Life to manage for its international investments.
The Templeton BRIC fund is managed by emerging market guru Mark Mobius. With total size of $2.1 billion, it currently allocates 32.16% to energy stocks, 23.34% to industrial materials, 9.75% to financials, 5.41% to consumer goods and 5.71% to utilities. As of end-September, it provided a 38.94% return - 6.4% higher than MSCI emerging markets over the same period.
The Templeton Asian Growth Fund is another offering by Mobius. Independent fund rating agency Morningstar has given the fund a five-star rating. Year to date, it has provided a 50.52% return. Its current top holdings include Aluminium Corp of China, PetroChina, China Petroleum, SK Energy and Hyundai Development.
Also rated by Morningstar in the five-star category is Michael HasenstabÆs Templeton Global Total Return Fund. At a year-to-date return of 9.39%, it provides a portfolio of fixed and floating rate debt securities and debt obligations. Bank QDII regulations require about 50% allocations to fixed income products.
Based in San Mateo, California, Franklin Templeton has more than 60 years of history and manages over $669 billion worldwide today.
Investors can still find spread premiums in niche private debt, with the asset class's prognosis looking strong, said a keynote speaker at AsianInvestor’s latest summit on Wednesday.
AsianInvestor details the second part of our marquee award winners for 2021, which includes the standout ESG adviser and also the asset manager of the year.
AsianInvestor reveals the first half of our marquee winners for this year's Asset Management awards, including best asset service provider and top alternative fund houses.
The number of millionaires in mainland China grew by 35% in 2020, while the number of millionaires in Hong Kong fell by 7%, according to a new report from the private bank.