Franklin Templeton is planning to launch two new funds, Moneylife Personal Finance reports. The FT India Feeder-Templeton Asian Growth Fund will track the MSCI All Country Asia (ex-Japan) Index, while the FT India Feeder-Franklin US Opportunities Fund will be benchmarked against the Russell 3000 Growth Index.
The funds will seek to allocate about 80-100% to units/securities of overseas mutual funds/unit trusts with a medium- to high-risk profile. The funds will also invest about 20% in debt securities and money market instruments with a low- to medium-risk profile.
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