Franklin adds five funds to Lux Sicav

Franklin Templeton Investments is to add five funds to its Luxembourg-based Sicav at the end of October, four of them with sterling share classes. The only one of the new Sicav funds without a sterling share class will be the Templeton Asian Bond fund. This will be managed by a team of eight Asian fixed interest analysts based in California and local fixed interest teams in China and South Korea. The Franklin Mutual Discovery fund will be managed by Anne Gudefin and David Segal. It is to invest in global equities by trying to find stocks on discounted prices. The fund will have a diversi...