Franklin Templeton mulls Asia-Pac or EM Reit fund
The US asset manager changed benchmark to boost its weighting to emerging-market property this year, but it wants to see more transparency in Asian real-estate markets.
Franklin Templeton may consider adding an Asia-Pacific or emerging-market real estate investment securities fund to its existing duo of Reit funds, although it has no current plans to do so.
The timeframe for a launch would depend on investor appetite, says Wilson Magee, the asset manager's New York-based director of global Reits.
The firm, which runs a global and a US Reit fund, has recognised the importance of Asia and other emerging markets by switching its benchmark away fro…
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