Please accept the terms and conditions before continuing:
Gateway Terms of Use Agreement
THIS AREA OF THE WEBSITE IS INTENDED FOR SOPHISTICATED INVESTORS IN MALAYSIA. IT IS NOT INTENDED FOR USE BY MEMBERS OF THE GENERAL PUBLIC. PLEASE READ THIS ENTIRE DOCUMENT CAREFULLY BEFORE YOU PROCEED. BY CLICKING "ACCEPT", YOU CONFIRM THAT YOU ARE A SOPHISTICATED INVESTOR.
IMPORTANT INFORMATION
This Website is directed only at Sophisticated Investors within Malaysia and the information provided is not for distribution outside Malaysia. None of the information, whether in part or full, should be copied, reproduced or redistributed in any form nor should it be regarded as an offer or a solicitation of an offer for investment in countries outside Malaysia. No units in these funds may be offered or sold to residents of the United States of America or in any other country, state or jurisdiction where it would be unlawful to offer, solicit an offer for or sell such shares.
You are a “Sophisticated Investor” per the Guidelines on Wholesale Funds if you are:
- an individual whose total net personal assets, or total net joint assets with his or her spouse, exceed three million ringgit or its equivalent in foreign currencies, excluding the value of the individual’s primary residence;
- an individual who has a gross annual income exceeding three hundred thousand ringgit or its equivalent in foreign currencies per annum in the preceding twelve months;
- an individual who, jointly with his or her spouse, has a gross annual income exceeding four hundred thousand ringgit or its equivalent in foreign currencies in the preceding twelve months;
- a corporation with total net assets exceeding ten million ringgit or its equivalent in foreign currencies based on the last audited accounts;
- a partnership with total net assets exceeding ten million ringgit or its equivalent in foreign currencies;
- a private retirement scheme;
- a unit trust scheme or prescribed investment scheme;
- a closed-end fund;
- a company that is registered as a trust company under the Trust Companies Act 1949 [Act 100] which has assets under management exceeding ten million ringgit or its equivalent in foreign currencies;
- a corporation that is a public company under the Companies Act 1965 [Act 125] which is approved by the Commission to be a trustee under the Act and has assets under management exceeding ten million ringgit or its equivalent in foreign currencies;
- a statutory body established by an Act of Parliament or an enactment of any State;
- a pension fund approved by the Director General of Inland Revenue under section 150 of the Income Tax Act 1967 [Act 53];
- a holder of a Capital Markets Services Licence;
- a licensed institution;
- an Islamic bank;
- an insurance company licensed under the Insurance Act 1996;
- a takaful operator registered under the Takaful Act 1984;
- a bank licensee or insurance licensee as defined under the Labuan Financial Services and Securities Act 2010; and;
- an Islamic bank licensee or takaful licensee as defined under the Labuan Islamic Financial Services and Securities Act 2010.;
- an executive director or a chief executive officer of a holder of a Capital Markets Services License.
Considerable care has been taken to ensure that the information contained on this website is accurate at the date of publication. However no representation or warranty, express or implied, is made to its accuracy or completeness. Franklin Templeton Asset Management (Malaysia) Sdn. Bhd. and Franklin Templeton Investments therefore accept no liability (except for information appearing in information memoranda) for any loss arising, whether direct or indirect, caused by the use of any part of the information provided. Any research and analysis contained in this website has been procured by Franklin Templeton Asset Management (Malaysia) Sdn. Bhd. for its own purposes and may be acted upon by it in that connection. It is provided to you only incidentally, and any opinions expressed are subject to change without notice.
Please accept the terms and conditions before continuing:
Gateway Terms of Use Agreement
THIS AREA OF THE WEBSITE IS INTENDED FOR INVESTORS IN MALAYSIA. PLEASE READ THIS ENTIRE DOCUMENT CAREFULLY BEFORE YOU PROCEED. BY CLICKING "ACCEPT", YOU CONFIRM THAT YOU HAVE READ THE IMPORTANT INFORMATION AND WISH TO PROCEED.
IMPORTANT INFORMATION
This Website is directed only at Investors within Malaysia and the information provided is not for distribution outside Malaysia. None of the information, whether in part or full, should be copied, reproduced or redistributed in any form nor should it be regarded as an offer or a solicitation of an offer for investment in countries outside Malaysia. No units in these funds may be offered or sold to residents of the United States of America or in any other country, state or jurisdiction where it would be unlawful to offer, solicit an offer for or sell such units.
Considerable care has been taken to ensure that the information contained on this website is accurate at the date of publication. However no representation or warranty, express or implied, is made to its accuracy or completeness. Franklin Templeton GSC Asset Management Sdn. Bhd. and Franklin Templeton Investments therefore accept no liability (except for information appearing in prospectuses) for any loss arising, whether direct or indirect, caused by the use of any part of the information provided. Any research and analysis contained in this website has been procured by Franklin Templeton GSC Asset Management Sdn. Bhd. for its own purposes and may be acted upon by it in that connection. It is provided to you only incidentally, and any opinions expressed are subject to change without notice.
Malaysia
STAYING AHEAD OF DIGITAL TRANSFORMATION
Jonathan Curtis, Portfolio Manager of Franklin Technology Strategy, discusses why businesses need to embark on a journey of digital transformation to stay relevant, and the investment opportunities he sees.
Why Invest in Technology?
Widespread Adoption
of Technology
From process automation to big data, digitalisation shapes our world today. Techonology is fueling disruptive innovation, streamlining outdated processes, and creating new possiblities. Over the past few decades, the way we live has already been altered by new developments.
One of the characteristics of modern life seems to be that we are moving at an ever-increasing rate. Multitasking is becoming the norm as the amount of information and data shared over the internet rises substantially, and it continues to grow.
Global internet use accelerates as Asia accounts for close to 50% of the world’s Internet user population. Access to digital devices continues to contribute towards Internet adoption and growth.
- Population 2019 Est.
- Internet Users 30-Jun-19
- %internet penetration
For most innovations of our history, we can measure success by the level of users. Reaching 50 million users mark is a sure sign of triumph, however how long does it usually take to reach this number?
In today’s tech-fuelled and tech-led world, top products are reaching high levels of consumers in incredibly short amounts of time.
Over the next decade, we expect hundreds of billions of “edge devices” to be deployed, an explosion of data generation, and new approaches to computing to sustainably process and create value from all the data that’s available.
in the first three months of 2020 vs. 20194
- Q1 2019
- Q1 2020
Valuation Remain Attractive and
Tech Firms have Proven Profitable
The information technology (IT) sector has offered the best growth profile in the S&P 500 Index over the past three years and topped all 10 other equity sectors by a wide margin in 2019.
We believe the overall IT sector is appropriately valued for the good growth and quality that it offers. In our view, the IT sector has many excellent established, cash- and earning-generating businesses.
Tech Valuations are reasonable
Price-to-Earnings Ratio (P/E Ratio)5 20-Year period ended 31 March 2020
- S&P 500 Information Technology Index
- Historical Average
- U.S. Recessions
Tech Firms have become very profitable
Earnings-Per-Share (USD)6 20-Year period ended 31 March 2020)
- S&P 500 Information Technology Index
- Historical Average
- U.S. Recessions
Capitalising on Technology
Sector’s Growth
Franklin Technology Strategy
-
Identifies high-quality technology companies worldwide
-
Capitalises on investment opportunities arising from digital transformation
-
Focuses on four leading growth themes artificial intelligence, cloud computing, services, Internet of Things, and e-commerce
20
YEARS
Since Launch
Franklin US Opportunities Fund*
-
Invests highest-quality growth companies located in the US
-
A well-diversifited, multi-cap, multi-industry portfolio
-
Leading growth fields in focus are technology and healthcare
20
YEARS
Since Launch
*Feeder fund that feeds into Franklin Templeton Investment Funds – Franklin U.S. Opportunities Fund (Target Fund), a Luxembourg-registered SICAV
NEXT STEPS
Capitalise on the potential of technology sector, speak to a relationship manager at any of our participating distributors:
Related Insights
Topic Paper
Taking a Long-Term View on Innovation
Matt Moberg shares five technology-enabled themes he thinks are likely to disrupt traditional business practices over the next decade.
Topic Paper
US Equities: Taking the Long View Through Today’s Uncertainties
While the US economy continues to suffer the wrath of the coronavirus, a recovery will eventually come.
Topic Paper
Why Digital Transformation Should Remain Resilient in 2020
Jonathan Curtis explains why businesses need to invest significantly more in digital technology in the coming years.
Footnotes
- Source: All Access, https://www.allaccess.com/merge/archive/31294/infographic-what-happens-in-an-internet-minute, created by @LoriLewis and @OfficiallyChadd, as of 10 March 2020. For illustrative and discussion purposes only. The information provided is not a recommendation to purchase, sell, or hold any particular security and should not be construed as an endorsement of or affiliation with Franklin Templeton.
- Source: Internet World Stats, https://www.internetworldstats.com/stats.htm, as of 30 June 2019. For illustrative and discussion purposes only. The information provided is not a recommendation to purchase, sell, or hold any particular security and should not be construed as an endorsement of or affiliation with Franklin Templeton.
- Source: Statista, https://www.statista.com/chart/14395/time-innovations-needed-for-50-million-users/, as of 22 June 2018. For illustrative and discussion purposes only. The information provided is not a recommendation to purchase, sell, or hold any particular security and should not be construed as an endorsement of or affiliation with Franklin Templeton.
- Source: Statista, https://www.statista.com/chart/21584/gafam-revenue-growth/, as of 4 May 2020. For illustrative and discussion purposes only. The information provided is not a recommendation to purchase, sell, or hold any particular security and should not be construed as an endorsement of or affiliation with Franklin Templeton.
- Source for Price-to-Earnings Ratio: © 2020 FactSet, as of 31 March 2020. Price-to-Earnings Ratio is based on an estimate of Next-Twelve-Months (NTM). Copyright © 2020, S&P Dow Jones Indices LLC. All rights reserved. See www.franklintempletondatasources.com/ for additional data provider information. Past performance is no guarantee of future results. Indices are unmanaged, and one cannot invest directly in an index. Source for recessions: National Bureau of Economic Research.
- Source for Earnings-Per-Share: © 2020 FactSet, as of 31 March 2020. Earnings-Per-Share is based on an estimate of Next-Twelve-Months (NTM). Copyright © 2020, S&P Dow Jones Indices LLC. All rights reserved. See www.franklintempletondatasources.com/ for additional data provider information. Past performance is no guarantee of future results. Indices are unmanaged, and one cannot invest directly in an index. Source for recessions: National Bureau of Economic Research.
Important Information
Indices are unmanaged and one cannot invest directly in an index.
This webpage is for information only and does not constitute investment advice or a recommendation and was prepared without regard to the specific objectives, financial situation or needs of any particular person who may receive it. Any research and analysis contained in this webpage has been procured by Franklin Templeton or its own purposes and may be acted upon in that connection and, as such, is provided to you incidentally. Any views expressed are the views of the fund manager and do not constitute investment advice. The underlying assumptions and these views are subject to change. Franklin Templeton accepts no liability whatsoever for any direct or indirect consequential loss arising from the use of any information, opinion or estimate herein. The value of investments and the income from them can go down as well as up and you may not get back the full amount that you invested. Past performance is not an indicator nor a guarantee of future performance.
Any prediction, projection or forecast on the economy, stock market, bond market or the economic trends of the markets is not necessarily indicative of the future or likely performance.
Application for units can only be made by sophisticated investors (as defined under the applicable laws and regulations) and on receipt of an application form referred to and accompanying a copy of the information memorandum of the Fund, dated 16 April 2018, as may be amended and supplemented from time to time (collectively, the “Information Memorandum") and the Fund's product highlights sheet which have been deposited with the Securities Commission, Malaysia. A copy of the Information Memorandum and the product highlights sheet are available from Franklin Templeton Asset Management (Malaysia) Sdn. Bhd. or its authorised distributors. Investors have the right to request for a copy of the product highlights sheet. Investors should read and understand the contents of the Information Memorandum, and the product highlights sheet before investing. Among others, the investors should consider the fees and charges involved. An investment in the Fund entails risks which are described in the Information Memorandum and product highlights sheet. When investing in a fund denominated in a foreign currency, performance may also be affected by currency fluctuations. In emerging markets, the risks can be greater than in developed markets.
This webpage does not constitute the distribution of any information or the making of any offer or solicitation by anyone in any jurisdiction in which such distribution or offer is not authorised or to any person to whom it is unlawful to distribute such a document or make such an offer or solicitation. Investors may wish to seek advice from a professional advisor before making a commitment to invest in units of the Fund. In the event an investor chooses not to, he/ she should consider whether the Fund is suitable for him/ her.
Issued by Franklin Templeton Asset Management (Malaysia) Sdn. Bhd.
