Franklin MENA Fund

Franklin Templeton Investment Funds

Summary of Fund Objective

The Fund aims to achieve long-term capital appreciation by investing primarily in equity and fixed income securities of companies of any size located or performing business predominately in the Middle East and North Africa (MENA) Region, along with derivative instruments.

Growth Potential of Middle East and North Africa. The Middle East and North Africa are expected to continue to show substantial long-term growth, while stock markets in the region have been opening up and becoming more transparent.

Attractive Valuations. MENA countries represent an attractive stock market with a relatively low P/E compared to other global markets.

On-the-ground Capabilities. Franklin Templeton has had a physical presence in the region since 2000 when it opened an office in Dubai. Sub-advisor Algebra Capital based in Dubai brings on-the-ground insight into MENA markets.


Bassel Khatoun

  • Dubai, United Arab Emirates
  • Years With Firm: 13
  • Years Of Experience: 17

Salah Shamma

  • Dubai, United Arab Emirates
  • Years With Firm: 13
  • Years Of Experience: 19

What are the Key Risks?

The value of shares in the Fund and income received from it can go down as well as up and investors may not get back the full amount invested. Performance may also be affected by currency fluctuations. Currency fluctuations may affect the value of overseas investments.

  • The Fund invests mainly in equity and equity-related securities of companies located in or doing significant business in the MENA (Middle East and North Africa) region. Such emerging markets have historically been subject to significant price movements, frequently to a greater extent than equity markets globally. As a result, the performance of the Fund can fluctuate considerably over time.
  • Other significant risks include: emerging markets risk, currency risk, liquidity risk, operational risk.
For full details of all of the risks applicable to this Fund, please refer to the “Risk Considerations” section of the Fund in the current prospectus of Franklin Templeton Investment Funds.