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Grace Wittenberg
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- A range of flagship investment strategies will be available through ALUWANI Capital Partners
Johannesburg, 10 November 2021 – Franklin Templeton1 today announced its strategic partnership with ALUWANI Capital Partners, one of the fastest growing, independent black-owned investment management businesses in South Africa. To complement its existing fund range, ALUWANI will offer a diverse suite of Franklin Templeton’s product offerings to institutional and retail clients in South Africa and broader South African Development Community (SADC) markets.
Franklin Templeton strategies available to ALUWANI investors include global and emerging market equities, sector specific equities like infrastructure and technology, global fixed income, multi-asset solutions and exchange traded funds (ETFs). Many of these strategies are managed by Franklin Templeton and its specialist investment managers (SIMs), including Western Asset Management, ClearBridge Investments, Brandywine Global, Martin Currie and Royce Investment Partners.
Sandeep Singh, Regional Head for Central and Eastern Europe, Middle East and Africa, Franklin Templeton, commented: “We are delighted to be partnering with ALUWANI Capital Partners. Whilst we have a longstanding presence in Africa, this partnership will help us to further expand our available product offerings and business development opportunities across the continent’s growing asset managment industry. ALUWANI is a natural, complementary fit with our existing business on the continent.”
Sibusiso Mabuza, CEO of ALUWANI Capital Partners, commented: “We are excited about our partnership with Franklin Templeton, whose diverse range of investment strategies and differentiated capabilities will complement ALUWANI’s core offerings. The collaboration will further enable ALUWANI’s longer-term business strategy by offering competitive global solutions from Franklin Templeton’s various specialised investment managers in our target markets. Our relationship is also underpinned by an incredibly strong foundation, including access to Franklin Templeton’s global best practice across various focus areas like ESG and thought leadership, and will provide ample opportunities for skills development and knowledge sharing.”
Julian Ide, Head of EMEA distribution, Franklin Templeton, commented: “We are very pleased that both companies will be working collaboratively and leveraging each other’s diverse skills and experience. By coupling ALUWANI’s local fund offerings, strong relationships and deep knowledge of Africa’s domestic markets with Franklin Templeton’s global investment strategies and capabilities, we expect the partnership to unlock unique benefits for clients.”
Franklin Templeton acquired Legg Mason in July 2020, bringing with it sophisticated expertise in core fixed income, equities and alternatives, while also expanding its multi-asset investment solutions. As of October 31, 2021 the combined company had over $1.5 trillion in assets under management.
Having operated in South Africa since 1995, this latest agreement with ALUWANI will not only complement Franklin Templeton South Africa (PTY) Ltd.’s existing range of Financial Sector Conduct Authority (FSCA) registered offshore investment funds and specialised investment management services accessible to retail and institutional investors in South Africa, but further bolster its product offerings in other African markets.
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Grace Wittenberg |
Cassius Mogoeng |
About Franklin Templeton
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 165 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company brings extensive capabilities in equity, fixed income, multi-asset solutions and alternatives. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has over 70 years of investment experience and over $1.5 trillion in assets under management as of October 31, 2021. For more information, please visit franklinresources.com, and follow us on LinkedIn, Twitter and Facebook.
Franklin Templeton established its South African office in 1995. Since 2013, the licensed entity in South Africa is Franklin Templeton SA (PTY) Ltd. Franklin Templeton offers a wide range of FSCA registered offshore investment funds as well as specialized investment management services to retail and institutional investors in South Africa.
Collective Investment Schemes in Securities (CIS) are generally medium to long term investments. The value of participatory interests may go down as well as up and past performance is not necessarily a guide to the future. Fluctuations or movements in exchange rates may cause the value of underlying international investments to go up or down. CIS are traded at ruling prices and can engage in borrowing and scrip lending. A schedule of fees and charges and maximum commissions is available on request from Franklin Templeton International Services S.à r.l., 8A rue Albert Borschette, L-1246 Luxembourg. Commission and incentives may be paid and if so, would be included in the overall costs. Franklin Templeton Investment Funds (“FTIF”) are priced on a forward basis and prices are calculated daily. FTIF does not provide any guarantee either with respect to the capital or the return of a portfolio. FTIF is regulated in Luxembourg and the FTIF sub-funds available for public sale in South Africa are approved by the Financial Sector Conduct Authority.
Franklin Templeton SA (PTY) Ltd (“FTSA”) is an authorized Financial Services Provider. FTSA is a Member of the Association for Savings & Investment SA (ASISA).
Copies of the latest prospectus, Minimum Disclosure Document (MDD) and the latest annual and semi-annual reports of FTF are available on the website www.franklintempleton.co.za or may be obtained free of charge from Franklin Templeton International Services S.à r.l., 8A rue Albert Borschette, L-1246 Luxembourg or your local FTI representative.
About ALUWANI
ALUWANI founded in 2015, is an independent owner-managed investment management business, registered with the Financial Services Conduct Authority (FSCA) and is an approved investment manager in terms of the Financial Advisory and Intermediary Services Act (FAIS). ALUWANI is an owner-managed investment management business, with assets under management of approximately R99 billion (ZAR). With combined years of experience of more than 80 years, the management team has an acute understanding of our clients’ servicing requirements and investment objectives. Our diverse clients include retirement funds, medical schemes, treasuries, SOE and corporates. Our Purpose is to build a transformational business that will positively impact our stakeholders. For more information, please visit www.aluwani.com and follow us on LinkedIn, Twitter and Facebook.
This press release is intended to be of general interest only,and does not constitute professional advice. Franklin Templeton and its management groups have exercised professional care and diligence in the collection and processing of the information in this press release. Franklin Templeton makes no representations or warranties with respect to the accuracy of this document. Franklin Templeton shall not be liable to any user of this report or to any other person or entity for the inaccuracy of information contained in this press release or for any errors or omissions in its contents, regardless of the cause of such inaccuracy, error or omission.
Any research and analysis contained in this document has been procured by Franklin Templeton for its own purposes.
Issued by Franklin Templeton SA (PTY) Ltd.
For more information, South African investors should contact: Franklin Templeton SA (PTY) Ltd, 1 Oakdale Road, The Oval, Kildare House, 1st Floor, Newlands, Cape Town, South Africa, PostNet Suite #12, Private Bag X1005, Claremont, 7735, South Africa South Africa. Tel +27 (21) 831 7400, Fax +27 (21) 831 7422
For more information on our Funds please visit our website www.franklintempleton.co.za or connect with Franklin Templeton on Twitter (@FTI_Global). Read the Beyond Bulls & Bears blog featuring perspectives from Franklin Templeton investment professionals around the world and @FTI_emerging or the Investment Adventures in Emerging Markets blog featuring Franklin Templeton emerging markets investment professionals around the world.
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