Franklin Templeton launches Asian Dividend fund for Mobius

Franklin Templeton has launched an Asian Dividend fund for head of emerging markets Mark Mobius as it seeks to tap into investors' growing desire to diversify income streams.

The Templeton Asian Dividend fund, run by Mobius (pictured) and Tom Wu, will focus on companies offering attractive dividend yields, or those that have the potential to produce such yields over time. Investing in countries across Asia, it seeks to generate a higher income yield than its benchmark, the MSCI All Country Asia-Pacific ex Japan Total Return index. The investment universe includes countries such as Bangladesh, Cambodia, China, Hong Kong, India, Indonesia, Korea, Malaysia, Pakistan, Philippines, Singapore, Sri Lanka, Taiwan, Thailand and Vietnam. Mobius, who runs a wide r...