Franklin Templeton has launched four Sicav funds within its Luxembourg-registered Franklin Templeton...
Franklin Templeton has launched four Sicav funds within its Luxembourg-registered Franklin Templeton Investment Funds (FTIF) range. All funds will have a sterling-priced distributor status share class, according to Jamie Hammond, senior director, global advisory services at Franklin Templeton.
The Templeton Asian Smaller Companies fund will primarily invest in equity securities of companies with a market capitalisation of less than $2bn billion in Asia ex-Japan, or in companies that derive a significant proportion of their revenues or profits from Asian economies.
The Templeton Frontier Markets Fund will target equity securities of companies in - or significantly exposed to - frontier markets, allowing investors to access smaller economies considered to be in the budding stages of development and showing strong growth potential to become tomorrow's emerging markets, it said.
Franklin Templeton has forecast growth of 11.8%, 8.4% and 7% in Qatar, UAE and Panama respectively during 2008, while growth in developed Western economies is expected to slow.
Both funds will be managed by Dr Mark Mobius, executive chairman at Templeton Asset Management.
The Franklin Worlds Perspectives fund will invest in growth stocks of all sizes in developed, emerging and frontier markets, aiming to outperform the MSCI All Countries World Plus Frontier Markets index.
It will combine a bottom-up approach to security selection with a strategic country allocation process, while lead manager and Franklin Local Asset Management international CIO, Stephen Dover, will use top-down analysis plus input from local portfolio managers to decide regional allocations.
The Franklin Mutual Euroland fund targets long-term capital appreciation by investing in securities of companies based in, or having major activities in Euroland countries. Philippe Brugere-Trelat, lead portfolio manager and mutual services vice president, will focus on undervalued equities, distressed securities and arbitrage opportunities.
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