Franklin Brazil Opportunities Sicav aims for UK approval

Franklin Templeton is seeking UK Financial Services Authority approval for UK sales of its just launched Franklin Brazil Opportunities Fund.


Managed by Franklin Templeton Investments’ managing director and international chief investment officer Stephen Dover, Brazil based Marco Friere, local chief investment officer for Brazil fixed income and Frederico Sampaio, local chief investment officer for Brazil equities, the fund aims to generate returns by investing across asset classes using a blend of top down and bottom up analysis.

Dover said: “The Franklin Brazil Opportunities Fund, we believe, offers investors a new approach to investing in Brazil, providing a flexible multi-asset class strategy that seeks high, sustainable returns and minimal volatility in all market environments. The fund also seeks to generate a large portion of its total return from income – an important feature in a world that is increasingly hungry for yield and low correlations to traditional asset classes. In addition, the fund builds on the solid track record of Franklin Templeton Investments’ Brazilian local management funds, bringing the first offering of its kind to the cross-border Sicav space. In building our Brazil Local Asset Management business, we have focused on developing institutional quality research and investment capabilities, which has led to broad industry recognition and now, our ability to offer these unique local investment capabilities to investors around the world.”

FTI cites several top down reasons for considering investing in Brazil.

It has a 66% debt/GDP ratio, against 103% for the US, 82% for the UK, 230% for Japan and 82% for Germany.

The country’s gross national savings rate is 18% of GDP, and the enjoys a significant advantage in many commodities sectors.


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