TORONTO, June 18 /CNW/ - Franklin Templeton Investments Corp. today
introduced Bissett Energy Corporate Class. The fund will provide an
alternative for investors that would like direct exposure to the Canadian
"Canada is an energy leader," said Don Reed, President and CEO of
Franklin Templeton Investments. "Increasing energy demand in the face of
declining world supply means attractive long-term investment opportunities for
the Bissett team."
Bissett Energy Corporate Class will invest in a concentrated group of
Canadian energy securities based on fundamental bottom-up analysis. The
investment portfolio of 25 to 35 securities will include businesses engaged in
exploration, production, refining and marketing, transportation of all types
of energy and the provision of services and other energy-related activities.
Garey J. Aitken and Chris D. Fernyc are Co-Lead Managers of the new fund.
Mr. Aitken is the Vice President, Director of Equity Research of Bissett
Investment Management in Calgary. Since 1999, he has acted as the Lead Manager
of the Bissett Large Cap Fund. In addition, Mr. Aitken is the Co-Lead Manager
of the Bissett Canadian Equity Fund and the Bissett All Canadian Focus Fund.
Mr. Fernyc, Vice President of Bissett Investment Management, has acted as
the Co-Lead Manager of two funds since 2000: the Bissett Small Cap Fund and
the Bissett Microcap Fund.
In other developments, Franklin Templeton Investments is pleased to
announce additions to its tax-efficient fund series that meet the demand for
tax-efficient cash flow. Franklin Templeton Investments is committed to
meeting the needs of financial advisers and their clients seeking tax
The Series T fund classes are ideal cash flow solutions for investors.
The payments consist primarily of return on capital and are not considered
income for tax purposes, providing higher cash flow for investors on a monthly
Two portfolios within the Quotential program, the company's managed
investment solution, and three equity funds will now offer the Series T fund
class. They are:
- Franklin Templeton Global Growth Portfolio;
- Franklin Templeton Growth Portfolio;
- Franklin Templeton U.S. Rising Dividends Fund;
- Mutual Discovery Fund;
- Mutual Beacon Fund.
Franklin Templeton Investments Corp. is a wholly owned subsidiary of
Franklin Resources, Inc., a global investment organization operating as
Franklin Templeton Investments. In Canada, Franklin Templeton Investments
provides global and domestic investment advisory services to the Franklin,
Templeton, Bissett and Mutual Series funds and institutional accounts.
Franklin Templeton Investments Corp. has more than 700 employees providing
services to more than 1.8 million unitholder accounts and more than 200
pension funds, foundations and other institutional investors. Franklin
Templeton Investments Corp. can be found at www.franklintempleton.ca.
Franklin Resources, Inc. (NYSE: BEN), is a global investment management
organization operating as Franklin Templeton Investments. Franklin Templeton
Investments provides global and domestic investment management solutions
managed by its Franklin, Templeton, Mutual Series and Fiduciary Trust
investment teams. The San Mateo, CA-based company has 60 years of investment
experience and more than US$663 billion (C$708 billion) in assets under
management as of May 31, 2007.
For further information:
For further information: Sarah Powley, Franklin Templeton Investments
Corp., (416) 957-6191