Fund houses ease offshore investing for Koreans

Franklin Templeton eyes won-denominated offshore products, entering an area where local player Mirae has thrived.

Fund management firms are benefiting from Korean investors' move into regular savings plans RSPs based on domestic equities, the quick rise of variable annuities and a growing appetite for international exposure. Now some players are finding ways to serve this new demand.

Franklin Templeton is developing products to provide local fund investors with exposure to international asset classes, but in won-denominated products that will resemble domestic fund structures, says Mark Browning, Seoul-based regional head for...

To continue reading, please login or register for free

Click for more on: fund | houses | ease | offshore | investing | koreans

Print Edition

FinanceAsia Print Edition