TORONTO, March 19 /CNW/ - Franklin Templeton Investments Corp. expanded
its fixed-income line-up today by introducing two new funds to meet the
growing demand among Canadians for yield. The new Bissett Canadian Core Plus
Bond Fund will include the new Franklin Templeton Global Aggregate Bond Fund,
along with the popular Bissett Bond Fund, to provide investors with
potentially higher-yield and some long-term capital appreciation.
"Many Canadians are looking to diversify their fixed income investments
by increasing their exposure to global bonds," said Don Reed, President and
CEO of Franklin Templeton Investments Corp. "Our new Canadian Core Plus Bond
fund provides investors access to global bonds, through the new Global
Aggregate Bond fund, while still providing them a core Canadian bond
The new Franklin Templeton Global Aggregate Bond Fund will invest in a
combination of corporate, agency and government debt securities from numerous
countries, including emerging markets; and at least 85 per cent of the fund
will be hedged back into Canadian currency.
Both new funds will draw on the expertise of the U.S.-based Franklin
Templeton fixed income group who are responsible for managing over
US$120 billion in assets.
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 on the Web at
Franklin Templeton Investments Corp.'s parent company, 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 more than 50 years of investment experience
and over US$564.7 billion (C$660.2 billion) in assets under management as of
February 28, 2007.
For further information:
For further information: Sarah Powley, Franklin Templeton Investments
Corp., (416) 957-6191