Latest news with #FranklinTempleton
Trade Arabia
3 days ago
- Business
- Trade Arabia
Franklin Templeton names co-heads for its new entity
Franklin Templeton, an US-based investment management holding, has announced two major executive appointments - Tariq Ahmad has been named the new chief of APAC, while Sandeep Singh will take over as the new head of CEEMEA & India. This strategic initiative underscores the firm's long-term commitment to serving central banks and sovereign wealth funds globally – a segment that currently represents a $30 trillion opportunity for Franklin Templeton. As co-Heads of the newly created Global Official Institutions Group, Tariq and Sandeep, in their expanded roles, will focus on building and strengthening relationships with Official Institutions around the world. In addition to their current responsibilities, their remit will include developing tailored investment solutions aligned with the specific mandates and objectives of each institution in this segment, as well as delivering bespoke thought leadership, knowledge transfer and customised training programmes, said the US investment group in its statement. Franklin Templeton has been serving official institutions for more than 30 years. The establishment of the Group reflects the firm's belief in the growing significance of official institutions as long-term investors set to diversify their reserve currencies and asset classes, it stated.
Finextra
3 days ago
- Business
- Finextra
Standard Chartered and OKX launch collateral mirroring programme
Standard Chartered and OKX, a leading cryptocurrency exchange and global onchain technology company, today announced the launch of a ground-breaking, world-leading collateral mirroring programme, enabling institutional clients to utilise cryptocurrencies and tokenised money market funds as off-exchange collateral for trading. 0 This initiative significantly enhances security and capital efficiency for institutional clients by using a Globally Systemically Important Bank (G-SIB) as the custodian for their collateral. Margaret Harwood-Jones, Global Head of Financing and Securities Services at Standard Chartered said: 'We understand the critical importance of robust and secure custody solutions, especially in the evolving digital asset landscape, and our collaboration with OKX to enable the use of cryptocurrencies and tokenised money market funds as collateral represents a significant step forward in providing institutional clients with the confidence and efficiency they need. By leveraging our established custody infrastructure, we are ensuring the highest standards of security and regulatory compliance, fostering greater trust in the digital asset ecosystem.' The collateral mirroring capability has been launched as a Pilot within the Dubai Virtual Asset Regulatory Authority's (VARA) regulatory framework, and it allows clients to benefit from enhanced protection against counterparty risk, a significant concern in the current digital asset markets. Standard Chartered acts as the independent, regulated custodian in the Dubai International Financial Centre (DIFC), regulated by the Dubai Financial Services Authority, ensuring the safe storage of the assets used as collateral, while OKX through its VARA regulated entity, manages collateral and facilitates transactions. Franklin Templeton will be the first in a series of money market funds that will be offered under the OKX-SCB programme. Hong Fang, President of OKX, said: 'As the digital assets ecosystem becomes more ingrained within traditional finance, we strive to both drive growth and safeguard client assets in the most capital efficient manner. By leveraging Standard Chartered's position as a top custodian globally, as well as OKX's market leadership in cryptocurrency trading, the partnership sets an industry standard for current and potential institutional clients to deploy trading capital at scale in a trusted environment.' Franklin Templeton, a recognised leader in tokenisation and real world assets (RWA), continues to innovate by leveraging blockchain technology to deliver cutting-edge solutions to customers and clients. Through this collaboration, OKX clients will gain access to on-chain assets developed by Franklin Templeton's Digital Assets Team, seamlessly integrating them into their financial and operational structures. Roger Bayston, Franklin Templeton Head of Digital Assets, says: 'Leveraging blockchain technology, our platform is built to support the dynamic and ever-evolving financial ecosystem. We take an authentic approach, from directly investing in blockchain assets to developing innovative solutions with our in-house team. By ensuring assets are minted on-chain, we enable true ownership, allowing them to move and settle at blockchain speed - eliminating the need for traditional infrastructure.' Brevan Howard Digital, the dedicated crypto and digital asset division of Brevan Howard, a leading global alternative investment manager, is among the first few institutions to onboard onto this pioneering programme, highlighting the importance of such capabilities being offered by a leading international cross-border bank and a highly reputable global exchange. Ryan Taylor, Group Head of Compliance at Brevan Howard and CAO of Brevan Howard Digital, commented: 'This programme is the latest example of the continued innovation and institutionalisation of the industry. As a significant investor in the digital assets space, we are thrilled to partner with industry leaders to further grow and evolve the crypto ecosystem globally.'
Time of India
5 days ago
- Business
- Time of India
US officials likely to visit India for next round of talks on interim trade pact: Sources
A team of US officials is expected to visit India in the coming weeks for the next round of discussions on the proposed interim trade agreement between the two countries, sources said. The visit gains importance as India and the US are likely to agree on an interim trade agreement before July 9, with New Delhi pushing for full exemption from the 26 per cent reciprocal tariff on domestic goods. "The US team is expected in India for trade talks. Negotiations are moving at a faster pace," one of the sources said. India's chief negotiator, Special Secretary in the Department of Commerce Rajesh Agrawal, concluded his four-day visit to Washington last week. He held talks with his US counterpart on the proposed agreement. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Recessão ou vibecessão? Franklin Templeton Brazil Leia mais Undo Commerce and Industry Minister Piyush Goyal was also in Washington last week to give an impetus to trade talks. He met with US Commerce Secretary Howard Lutnick twice during his visit. The US on April 2 imposed an additional 26 per cent reciprocal tariff on Indian goods but suspended it for 90 days till July 9, later. However, Indian goods still attract the 10 per cent baseline tariff imposed by America. Live Events At present, the Trump administration requires approval from the US Congress to bring tariffs below the MFN (most favoured nation) rates. But the administration has the authority to remove the reciprocal tariffs imposed on a number of countries, including India. Both countries have fixed a deadline to conclude the first phase of the proposed bilateral trade agreement pact by the fall (September-October) of this year. According to sources, there is a possibility that both sides agree on an interim trade deal before the first tranche. The US remained India's largest trading partner for the fourth consecutive year in 2024-25, with bilateral trade valued at USD 131.84 billion. The US accounts for about 18 per cent of India's total goods exports, 6.22 per cent in imports, and 10.73 per cent in the country's total merchandise trade. With America, India had a trade surplus (the difference between imports and exports) of USD 41.18 billion in goods in 2024-25. It was USD 35.32 billion in 2023-24, USD 27.7 billion in 2022-23, USD 32.85 billion in 2021-22 and USD 22.73 billion in 2020-21. The US has raised concerns over this widening trade deficit . The two trading partners look to more than double bilateral trade to USD 500 billion by 2030.
Yahoo
23-05-2025
- Business
- Yahoo
Franklin Templeton Canada Announces ETF Cash Distributions
TORONTO, May 23, 2025 /CNW/ - Franklin Templeton Canada today announced cash distributions for certain ETFs and ETF series of mutual funds available to Canadian investors. As detailed in the table below, unitholders of record as of May 30, 2025, will receive a per-unit cash distribution payable on June 9, 2025. Fund Name Ticker Type Cash Distribution Per Unit ($) Payment Frequency Franklin Brandywine Global Income Optimiser Fund – ETF Series FBGO Active 0.082593 Monthly Franklin ClearBridge Global Infrastructure Income Fund – ETF Series FCII Active 0.103148 Monthly Franklin Canadian Government Bond Fund – ETF Series FGOV Active 0.049997 Monthly Franklin Canadian Ultra Short Term Bond Fund – ETF Series FHIS Active 0.059527 Monthly Franklin Canadian Corporate Bond Fund – ETF Series FLCI Active 0.056014 Monthly Franklin Canadian Core Plus Bond Fund – ETF Series FLCP Active 0.044003 Monthly Franklin Global Core Bond Fund – ETF Series FLGA Active 0.046493 Monthly Franklin Canadian Short Term Bond Fund – ETF Series FLSD Active 0.048440 Monthly Franklin Canadian Low Volatility High Dividend Index ETF FLVC Passive 0.052546 Monthly Franklin U.S. Low Volatility High Dividend Index ETF FLVU Passive 0.048319 Monthly As detailed in the table below, unitholders of record as of June 20, 2025, will receive a per-unit cash distribution payable on June 30, 2025. Fund Name Ticker Type Cash Distribution Per Unit ($) Payment Frequency Franklin FTSE U.S. Index ETF FLAM Passive 0.139744 Quarterly Franklin FTSE Canada All Cap Index ETF FLCD Passive 0.258735 Quarterly Franklin Emerging Markets Equity Index ETF FLEM Passive 0.163361 Semi-annually Franklin FTSE Japan Index ETF FLJA Passive 0.298833 Semi-annually Franklin International Equity Index ETF FLUR Passive 0.491028 Semi-annually Franklin U.S. Large Cap Multifactor Index ETF FLUS Smart Beta 0.124118 Quarterly Franklin U.S. Mid Cap Multifactor Index ETF FMID Smart Beta 0.066365 Quarterly Franklin Templeton's diverse and innovative ETF platform was built to provide better client outcomes for a range of market conditions and investment opportunities. The product suite offers active, smart beta and passive ETFs that span multiple asset classes and geographies. For more information, please visit About Franklin TempletonFranklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. In Canada, the company's subsidiary is Franklin Templeton Investments Corp., which operates as Franklin Templeton Canada. Franklin Templeton's mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and US$1.54 trillion in assets under management as of April 30, 2025. For more information, please visit Commissions, management fees and expenses all may be associated with investments in ETFs and ETF series. Investors should carefully consider an ETF's and ETF series' investment objectives and strategies, risks, fees and expenses before investing. The prospectus and ETF facts contain this and other information. Please read the prospectus and ETF facts carefully before investing. ETFs and ETF series trade like stocks, fluctuate in market value and may trade at prices above or below their net asset value. Brokerage commissions and ETF and ETF series expenses will reduce returns. ETFs and ETF series are not guaranteed, their values change frequently, and past performance may not be repeated. Copyright © 2025. Franklin Templeton. All rights reserved. SOURCE Franklin Templeton Investments Corp. View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Franklin Templeton to Shutter Two Unpopular Bond ETFs
Franklin Templeton will liquidate two actively managed bond exchange-traded funds this summer, shuttering the Western Asset Short Duration Income ETF (WINC) and the Western Asset Total Return ETF (WBND) after they failed to gain investor traction. The fund's board of trustees approved the liquidation on May 21, according to a company release. Both ETFs will cease trading on the Nasdaq prior to market open on Aug. 23, with final liquidation proceeds distributed to shareholders on Aug. 29. The liquidation highlights the challenge ETF issuers face in a crowded fixed-income market, where funds must continue to attract assets to remain economically viable. WINC managed just $12.1 million in assets under management despite posting a 2.2% year-to-date return, according to FactSet data. The fund targets USD-denominated corporate debt securities with durations of three years or less and charges a 0.29% expense ratio. WBND attracted $11.9 million in assets while generating a 1.6% year-to-date return, according to the data. The broader-mandate fund invests across fixed-income securities globally with few constraints and carries a 0.45% expense ratio. Both funds experienced outflows recently, according to FactSet. WBND saw $996,000 in net outflows over the past month and $7.9 million in year-to-date outflows. WINC recorded just over $2,000 in monthly outflows but managed $9,600 in year-to-date inflows. Creation orders will no longer be accepted after Aug. 1, according to the filing. Shareholders can sell shares until market close on Aug. 22, or receive cash equal to net asset value during liquidation. During the liquidation process, which will begin prior to Aug. 23, the funds will hold cash and securities that may not align with their stated investment objectives and strategies, according to the release. The funds may declare taxable distributions of income and capital gains in connection with the liquidation. Franklin Templeton, with $1.5 trillion in assets under management as of April 30, operates across equity, fixed income, alternatives and multi-asset solutions through specialist investment managers, according to the | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
