Franklin Templeton opens office in Herzliya

The fund may invest in investment grade and non-investment grade debt securities.

By JERUSALEM POST STAFF
November 13, 2018 20:57
2 minute read.
PRESIDENT and COO of Franklin Templeton Investments Jenny Johnson awards Uzi Yitzhak

PRESIDENT and COO of Franklin Templeton Investments Jenny Johnson awards Uzi Yitzhak, head of Franklin Templeton, Israel, the key for its new venues in Herzliya.. (photo credit: SIVAN FARAG)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

Franklin Templeton Investments, a global investment management company, inaugurated a new office in Israel on Tuesday to support sales and client servicing needs in the country.

The firm has appointed Uzi Yitzhak to spearhead its business and work to develop tailored solutions for clients in Israel, leveraging the capabilities of Franklin Templeton’s global investment groups.

Be the first to know - Join our Facebook page.


The firm also announced the registration of two mutual funds in Israel: Franklin US Opportunities Fund and Templeton Global Total Return Fund.

“Franklin Templeton views Israel as a unique and important growth market,” said Jenny Johnson, president and COO of Franklin Templeton Investments. “We are excited about the decision by the Israeli government to allow global investment management firms to offer offshore products to Israeli customers and are looking forward to being in this market. Over the years, we have been witnessing Israeli investors’ increasing preference for foreign investments and believe that firms such as ours with a diverse global product range across asset classes can effectively address their needs.”

Prior to joining Franklin Templeton, Yitzhak worked in GGHC, Bank Leumi and Gems Investment Research in the US and Israel. He has over two decades of experience in the financial services sector as a senior analyst, portfolio manager and consultant. Yitzhak graduated with a Law degree from the Tel Aviv University and holds an MBA. from the University of California, Berkeley, Haas School of Business. He is a Chartered Financial Analyst charter holder.


The Franklin US Opportunities Fund invests mainly in equity securities issued by companies of any size located in, or doing significant business in, the US. The fund’s mandate is to provide investors with exposure to leading companies in their respective fields that meet the investment criteria of growth, quality and valuation. The fund is managed by Grant Bowers and Sara Araghi, portfolio managers for Franklin Equity Group, and currently has over $4.5 billion in assets under management as of September 30.

The Templeton Global Total Return Fund aims to maximize total investment return consisting of a combination of interest income, capital appreciation and currency gains by investing principally in a portfolio of fixed and/or floating rate debt securities and debt obligations issued by government and government-related issuers or corporate entities worldwide.

The fund may invest in investment grade and non-investment grade debt securities. The fund may also use various currency-related and other transactions involving derivative instruments. The fund is managed by Dr. Michael Hasenstab and Dr. Sonal Desai of Templeton Global Macro and currently has over $16.8b. in assets under management as of September 30.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Baby dolls placed in front of the Jabotinsky House in Tel Aviv in protest of the state's opposition
December 19, 2018
Demonstrators gather hundreds of baby dolls in protest over surrogacy law

By CASSANDRA GOMES-HOCHBERG