Templeton adds to Luxembourg Sicav range

Franklin Templeton Investments has added two equity and five bond funds to its $14.09bn offshore Luxembourg-domiciled Sicav fund range. The addition includes the group's first developed market, single country, value portfolio, Templeton US Value. The other equity fund is a US Growth portfolio. In the past, value house Templeton has run a number of international value funds and single-country emerging markets funds, but the US portfolio is its first foray into developed, single country funds. The fund, managed from the US by Peter Moeschter, will be the precursor for a UK Value fund th...