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TEL AVIV (Reuters) – Franklin Templeton Investments entered the $67 billion Israeli retail market on Tuesday after the government allowed foreign firms to offer offshore products directly to investors personalised cufflinks india uk sale. Previously, such investments had to be distributed in Israel through a local manager or bank, which increased fees and made them more expensive for Israeli investors. “Over the years, we have been witnessing Israeli investors’ increasing preference for foreign investments,” Jenny Johnson, president and chief operating officer of Franklin Templeton, said at the opening of the group’s new office in Tel Aviv..
Although assets under management of domestic funds investing in foreign securities have more than doubled in the past three years to $7.7 billion, a lack of choice means they still account for only 12 percent of total assets, she said. Franklin Templeton, which has $724 billion in assets under management, appointed Uzi Yitzhak to head its business in Israel, where the firm also registered two mutual funds. Franklin Templeton executives also gave prospective Israeli investors their views on a number of markets during the opening personalised cufflinks india uk sale.
Manraj Sekhon, chief investment officer for emerging markets equity, said the firm would not be in a position to meaningfully increase its Turkish fund allocation while policies are in flux. Turkish President Tayyip Erdogan last month named several advisers and a theology professor to a new economic policy committee, as Ankara seeks to reassure foreign investors spooked by a falling lira currency and high inflation personalised cufflinks india uk sale. Franklin Templeton has also not changed its position in Saudi Arabia following the murder of journalist Jamal Khashoggi at the Saudi consulate in Turkey last month. The main question, he said, is how economic reforms are implemented..
GENEVA (Reuters) – The U.S. decision to cut off a Chinese state-backed chipmaker from U.S. suppliers amid allegations the firm stole intellectual property breaks World Trade Organization rules and aims to protect a U.S. monopoly, China told a WTO meeting on Tuesday. The meeting took place with the world’s top two economies already locked in a trade dispute and tit-for-tat tariff war. Last month the U.S. Commerce Department put Fujian Jinhua Integrated Circuit Co Ltd on a list of entities that cannot buy components, software and technology goods from U.S. firms personalised cufflinks india uk sale.
U.S personalised cufflinks india uk sale. semiconductor company Micron Technology Inc (MU.O), a maker of memory chips with factories in Virginia and Utah, has accused Jinhua and Taiwanese partner United Microelectronics Corp (2303.TW) of stealing its chip designs in a lawsuit in California. “We consider this an unwarranted charge and firmly oppose the presumption of guilt to our companies,” a Chinese official told the WTO, according to a transcript of remarks seen by Reuters. Washington is concerned the Chinese firm could flood the market with cheap chips of the same type made by U.S. companies that supply the U.S. military..