Franklin Templeton plans to move its Dublin fund range to the UK should the Inland Revenue's proposa...
Franklin Templeton plans to move its Dublin fund range to the UK should the Inland Revenue's proposals to abolish the need for distributor status be enforced.
The group has said it would concentrate on its existing UK Oeic using that as its platform for selling into Europe and the UK.
The group currently has a range of three investment platforms, a Luxembourg Sicav, the Dublin-listed unit trust platform and a UK Oeic.
Jamie Hammond, sales and marketing director at Franklin Templeton, said if distributor status is abolished in 2003, it would mean the group could run with distributor units in the Luxembourg Sicav and expand the UK Oeic.
At present the group's UK Oeic range is made up of three funds, the Templeton Growth Fund, the Franklin Biotechnology Fund and Franklin US Aggressive Growth.
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