Franklin Templeton launch Sharia fund into Indonesia

Franklin Templeton has launched a Sharia mutual fund into the Indonesian marketplace with an new collaboration with fund manager PT Bahana TCW Investment Management. The Bahana US Opportunity Sharia Equity USD -  which which will use ESG investing principles - will also be the first Sharia mutual fund in Indonesia with exposure primarily to US companies, the company said in a statement. Technology, healthcare, financials and consumer discretionary the key sectors of the fund. ClearBridge Investments, Franklin Templeton's specialist manager arm, will manage the product. The fund will b...