$1.4 Trillion Franklin Templeton Launches Franklin K2 Electron Global UCITS Fund in Singapore, Invests in Companies & Technologies Associated with Energy Transition and Absolute Return Strategy by Investing in Equity & Related Securities in Infrastructure & Global Utility Sectors
31st July 2023 | Hong Kong
Franklin Templeton with $1.4 trillion AUM (Assets under Management) has launched the Franklin K2 Electron Global UCITS Fund in Singapore, investing in companies & technologies associated with energy transition and absolute return strategy by investing in equity & related securities in infrastructure & global utility sectors. Franklin Templeton: “The Franklin K2 Electron Global UCITS Fund (“Fund”) seeks to achieve an absolute return by investing in equity and equity-related securities of companies in infrastructure and global utility sectors. This includes companies located in North America, Europe, Asia-Pacific and to a lesser extent, Latin America (including emerging markets). The Fund may take long and/or synthetic short positions in relation to these equity securities.” The UCITS Fund is a liquid alternatives strategy managed by K2 Advisors, and sub-advised by Electron Capital Partners LLC, a New York-based investment advisor. The investment team has close 20 years of investing in the sectors and companies associated with the energy transition K2 Advisors is one of the specialist investment managers of Franklin Templeton, with around $10.7 billion AUM.
“ $1.4 Trillion Franklin Templeton Launches Franklin K2 Electron Global UCITS Fund in Singapore, Invests in Companies & Technologies Associated with Energy Transition and Absolute Return Strategy by Investing in Equity & Related Securities in Infrastructure & Global Utility Sectors “
Bill Santos, Senior Managing Director, Head of Offshore Hedge Fund Solutions for K2 Advisors: “We are excited that the Franklin K2 Electron Global UCITS Fund is now extended to Singapore. With the global shift of energy production and consumption away from fossil fuels to renewable sources and the creation of new technologies that aid in decarbonizing world economies, we believe this fund is well positioned to capitalize on this global shift. In terms of investment opportunities, the most attractive ones today exist within the US, as the world’s largest economy has committed to going green. The Inflation Reduction Act (IRA) represents the most ambitious climate action ever undertaken by the US, which includes $369 billion of incentives toward clean energy over the next 10 years. We believe the IRA’s impact on the US will be much quicker than markets expect and will become apparent as companies integrate the IRA into their business plans. This will also lead to exponential growth in the addressable market of energy transition in the US, with investment opportunities across a spectrum of industries, including utilities, clean energy, infrastructure and storage.”
Christian Bucaro, Head of Retail for Asia at Franklin Templeton: “The launch of the Franklin K2 Electron Global UCITS Fund further highlights our commitment to offering liquid alternatives solutions to retail investors in Singapore. We believe that this strategy should appeal to investors keen on capturing growth opportunities and gaining diversified exposure to companies and technologies participating in the renewable energy transition. Our dedicated and experienced investment team has a strong track record of investing in the energy transition value chain and the flexibility to execute high conviction positioning though the use of both long and short strategies, and that’s what sets us apart from our peers.”
$1.4 Trillion Franklin Templeton Launches Franklin K2 Electron Global UCITS Fund in Singapore, Invests in Companies & Technologies Associated with Energy Transition and Absolute Return Strategy by Investing in Equity & Related Securities in Infrastructure & Global Utility Sectors
Franklin Templeton launches the Franklin K2 Electron Global UCITS Fund in Singapore, investing in companies & technologies associated with energy transition and absolute return strategy by investing in equity & related securities in infrastructure & global utility sectors.
The Franklin K2 Electron Global UCITS Fund (“Fund”) seeks to achieve an absolute return by investing in equity and equity-related securities of companies in infrastructure and global utility sectors. This includes companies located in North America, Europe, Asia-Pacific and to a lesser extent, Latin America (including emerging markets). The Fund may take long and/or synthetic short positions in relation to these equity securities.
The UCITS Fund is a liquid alternatives strategy managed by K2 Advisors, and sub-advised by Electron Capital Partners LLC, a New York-based investment advisor. The investment team has close 20 years of investing in the sectors and companies associated with the energy transition K2 Advisors is one of the specialist investment managers of Franklin Templeton, with around $10.7 billion AUM.
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 150 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 offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,300 investment professionals, and offices in major financial markets around the world, the California-based company has 75 years of investment experience and over US$1.4 trillion in assets under management as of June 30, 2023.
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