The Emerging Market arm of Franklin Templeton Corporation was reported on March 27 to have stated Tuesday that the firm is set to raise approximately USD 300 million for a fourth PE fund, which will fund growth upstarts in emerging markets, with about one third of its capital allocated to China, India and Southeast Asia markets. In 2011, Franklin Templeton Corporation raised RMB 2.0 billion for its first-ever RMB-denominated Franklin Templeton Dundabi Equity Investment Fund based in Jiading District of Shanghai primarily from Healthcare, Consumer Goods and IT industry.