FYI: 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.
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.
Regards,
Ted
https://www.reuters.com/article/us-investment-israel-franklin-rsc/franklin-templeton-taps-into-israels-67-billion-retail-market-idUSKCN1NI1VW
