Franklin Templeton closes two funds in overhaul of range

clock

Franklin Templeton is to close two of its UK OEICs and merge away two others following a review of its UK domiciled fund range.

Subject to shareholder approval, the group's £5m UK Equity fund will merge into the £31m Franklin UK Managers' Focus fund - managed by Paul Spencer (pictured), Colin Morton, Stuart Sharp and Mark Hall - on 31 May. The £12m Franklin US Equity fund, meanwhile, will merge into Grant Bowers and Conrad Hermann's top-quartile £10m US Opportunities fund. The group will also close the £12m Franklin Biotechnology and £5m Franklin Global REIT OEICs on that date, but said UK investors will still be able to access both strategies via its Luxembourg SICAV. Franklin Templeton said the changes wi...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Active Managed

Industry Voice: Block out the noise from market uncertainty

Industry Voice: Block out the noise from market uncertainty

Investing in volatile markets requires avoiding distractions and evaluating how best to diversify your portfolio

clock 21 February 2023 • 1 min read
Industry Voice: Active management in action

Industry Voice: Active management in action

Trevor Greetham explains how Royal London’s approach to active management can help protect your clients at times of volatility.

Trevor Greetham, Head of Multi Asset at Royal London Asset Management (RLAM)
clock 21 October 2022 • 4 min read

Franklin Templeton closes two funds in overhaul of range

Franklin Templeton is to close two of its UK OEICs and merge away two others following a review of its UK domiciled fund range.

clock 18 April 2012 •