Franklin Templeton News

In the last bear market, crypto was still in the discovery phase as users were wondering whether blockchain assets are a legitimate long-term trend or just a fad that should’ve been sold at the top. This time, the top industry players, including Microsoft, Google and Reddit, are moving into Web3 products, and top banks such as JP Morgan and Franklin Templeton are testing the waters by settling transactions on-chain.

The fund will also be renamed to Franklin FTSE Asia ex China ex Japan UCITS ETF.

The new funds will be managed by Franklin Templeton’s European fixed Income team.

FM Radio network Radio Mirchi, a part of Entertainment Network India Limited (ENIL) and Radio Orange have bid Rs 251 crore to acquire BIG FM Radio network, sources said. Haryana-based Sapphire FM is the other bidder in the race for BIG FM, which is undergoing an insolvency process. Incidentally, Sapphire FM has also made a bid of Rs 251 crore for Big FM.

Global wealth manager Fiduciary Trust International has expanded its growing footprint in South Florida, to serve high-net-worth clients in the region.

Despite tremendous pressure to approve a spot Bitcoin ETF for trading on public markets, Securities and Exchange Commission (SEC) chairman Gary Gensler refuses to discuss his agency’s next steps.

Web3 gaming developer Neon Machine raised $20 million in series A funding toward the development of its highly-anticipated extraction shooter “Shrapnel.” 

SoftBank, through its affiliate SVF Growth Singapore Pte, has sold a 1.09% stake in food delivery company Zomato through block deals on Friday. According to exchange data, the transaction was executed at 111.2 per share, which valued the deal at 1,040 crore. SoftBank holds a 2.17% stake in the company, at the end of the September 2023 quarter. Marquee funds, including Citigroup, Axis MF, Bandhan MF, ADIA, Fidelity, Goldman Sachs, Morgan Stanley, and Motilal Oswal among others bought stakes in the company through the deal. In August this year, SoftBank offloaded about 1.17% Zomato stake under a block deal, which was valued at Rs 947 crore.

SoftBank, through its affiliate SVF Growth Singapore Pte, is likely to have sold 1.09% equity in Zomato in a bulk deal worth Rs 1,040.5 crore on Friday. Shares of the new-age company were trading 1% higher at Rs 112.70 on BSE. SoftBank owned a 2.17% stake in the company at the end of the September quarter. In August this year, SoftBank had offloaded about 1.17% stake in Zomato via a block deal, which was valued at Rs 947 crore.

Securities and Exchange Commission (SEC) Chairman Gary Gensler remained tight-lipped as usual when asked about the state of spot Bitcoin ETF applications being handled by the agency on Wednesday.

Earlier this month, Swiss investment bank UBS launched a “tokenised” investment fund under a pilot project being run by the Monetary Authority of Singapore.

Franklin Templeton India fund is turning to initial public offerings to help keep it in the top ranks of the nation’s mutual funds as rich valuations have made it hard to pick winners among small-cap stocks. The $1.2 billion Franklin India Smaller Companies Fund is up 34% this year, beating 98% of its peers. The fund’s IPO picks — Concord Biotech Ltd., TVS Supply Chain Solutions Ltd.

Jean Yu (pictured) will co-manage the fund alongside Grace Su.

Angus Macpherson (pictured) will take over as chair on 1 January 2024.

Advisors seeking access to digital assets via a regulated platform offering crypto SMAs now have a new option.

As crypto prices see-saw ahead of their next swerve, the market for "tokenization" — issuing blockchain-based digital tokens that represent assets from bonds to stocks and real estate — may finally be reaching a critical mass. Big finance firms like London Stock Exchange Group, WisdomTree and Mirae Asset Securities have either invested in token trading and investment platforms over the past year, or are in talks to develop them. Others like Franklin Templeton, UBS Asset Management and ABN Amro have launched tokenized versions of assets such as money market funds and green bonds. More than a third of institutional investors in the U.S. and almost two-thirds of high-net-worth investors plan to invest in tokenized assets this year or next, according to two surveys of more than 300 players in total conducted by EY-Parthenon in May.

Jen Mair (pictured) joined Martin Currie in 2015 as chief of staff and general counsel.

Matt Harrison, Sandeep Singh, Julian Ide and Tariq Ahmad have all been promoted.

Mark Dwyer had worked at CLIM for over 20 years.

Tokenization is causing a significant shift in the traditional securitization process, according to Jenny Johnson, the CEO of asset management giant Franklin Templeton.

Securitization, a practice with over 50 years of history, is undergoing a dramatic transformation, believes Jenny Johnson, CEO of Franklin Templeton, one of the world’s largest asset managers.