TEMPLETON PUTS FAITH IN MALAYSIA WITH NEW GLOBAL ISLAMIC FUNDS

November 26, 2015 —

The world’s second-largest asset manager by market value plans to lure some of the $376 billion parked in Malaysian bank deposits by setting up global Islamic stock and bond funds in Kuala Lumpur next year.

Franklin Templeton Investments, which has more than $801 billion in assets, will seek approval from the regulator to start at least two Shariah-compliant funds to serve as offshoots from the three it has in Luxembourg, country head Sandeep Singh said in an interview in the Malaysian capital last week. That would complement similar investment options available from CIMB-Principal Asset Management Bhd. and RHB Islamic International Asset Management Bhd.

The new funds will beef up choices for Malaysians looking to diversify after this year’s 17 percent plunge in the ringgi.

A looming U.S. interest-rate increase has already prompted global investors to offload twice as many stocks in the Southeast Asian nation as they did for all of last year and to cut bond holdings.

“People are looking at more international investments because the volatile currency highlighted the merits of diversification,” said Singh. “As markets get more sophisticated, it’s a matter of time before global equity and bond funds get more traction among Malaysian investors.” The San Mateo, California-based fund trails behind BlackRock Inc. in terms of assets, according to data compiled by Bloomberg.

‘Healthy Trend’
Franklin Templeton launched its first Shariah-compliant bond fund in Malaysia at a presentation in Kuala Lumpur on Nov. 19, targeted at local individual and corporate investors. It currently oversees more than $4 billion of Islamic and conventional assets in the country on behalf of institutions and high net-worth investors, said Singh.

The firm’s Luxembourg funds have been drawing interest from investors globally, he said. One of those dedicated to sukuk and another to equities have given cumulative net returns of 7.53 percent and 11.1 percent, respectively, over the past three years, according to the company’s fact sheet.

It’s a “healthy trend,” given that the availability of Islamic funds is small compared with conventional counterparts, Singh said. BIMB Investment Management Bhd., a unit of Malaysia’s oldest bank providing services in accordance with Muslim principles, also started a multi-currency global Shariah investment option this month.

source

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OBJECTIVES OF FINANCIAL PLANNING

Achieving your dreams

Someday you would like to quit your job and start your own cafe, or a boutique, or do your MBA, or tour the world. If you don't plan for these things, chances are they'll just remain dreams. You will never have the right resources to go about achieving them.

The difference between someone who plans and someone who doesn't, is that the one who plans, puts it into action, whilst the one who doesn't, just talks. You've met these people before. They keep having little crises in their lives, which they claim prevent them from doing what they want. So it is the time for you to take control of your life.

List down the things you want to do. Find out how much they cost, and embark on a mission towards achieving the right resources in order to be able to afford them.

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Financial Independence

Can you imagine a time when you are no more a slave to money? When you can do anything you want at any time that you want? The time when you no longer have to work but have enough money not to worry about the major expenses in life, we call that Financial Independence.

It's different from retirement. You may still continue to work if you enjoy it. But your have the resources to stop working anytime should you wish to.

Financial Independence is different for everybody. It really depends on your lifestyle needs. If you can be happy with small flat, you are likely to reach your Financial Independence sooner than if you have to live in a landed property.

Financial Independence doesn't just happen. You have to plan for it. Those who do tend to achieve it sooner than those who don't.

Prudence is a way to achieve the objective

In the book "The Millionaire Next Door: The Surprising Secrets of America's Wealthy" by Thomas J. Stanley and William D. Danko, the authors discovered that the typical American millionaire does not fit the stereo-typical idea of a millionaire. Most of us would think that millionaires are characterized by their big houses, flashy sport cars and expensive jewelry. But what the authors discovered was that most of America's millionaires were average people, living in average houses, driving American-made cars. They tend to have small businesses of their own, and their lives are characterized by long working hours and a high level of prudence in how they spend their money. That's how they amassed their fortune.

So what our parents taught us when we were very young is right. If we work hard and spend little, our chances of making it is a lot higher. If you constantly feel that you need more luxuries in your life, then you may forever be asset-rich, but cash-poor, and certainly a long distance off from financial independence.

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