Franklin Templeton's imminent Middle East North Africa (MENA) fund will be headed up by Stephen Dove...
Franklin Templeton’s imminent Middle East North Africa (MENA) fund will be headed up by Stephen Dover with support from Dubai-based asset management firm Algebra Capital. Dover is the group’s international CIO and also runs the Franklin India fund. The vehicle will have 40 to 60 holdings across a range of market caps, countries and sectors, with a maximum 40% exposure to any one country or sector. Its typical weighting in a single stock will be between 2% and 4%. The fund will invest in countries including Bahrain, Egypt, Jordan, Oman, UAE, Morocco, Qatar and Kuwait. It will also inves...
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