Franklin Templeton Investments Proposes Changes to Canada's Quotential Program

TORONTO, March 21, 2013 /CNW/ - Franklin Templeton Investments Corp. today announced proposed mergers within the Quotential program and a change to the investment objective and names of Quotential Global Growth Portfolio and Quotential Global Growth Corporate Class Portfolio, which will be voted on at special meetings of securityholders on or about June 10, 2013 in Toronto.

If the mergers are approved, the resulting five mandate line-up will provide investors with a streamlined range of broader investment portfolios, making it easier for them to select a suitable portfolio based on their risk tolerance.

The mergers include:

  • Quotential Global Balanced Portfolio and Quotential Global Balanced Corporate Class Portfolio will be merged into Quotential Balanced Growth Portfolio and Quotential Balanced Growth Corporate Class Portfolio, respectively.
  • Quotential Canadian Growth Portfolio and Quotential Canadian Growth Corporate Class Portfolio will be merged into Quotential Global Growth Portfolio and Quotential Global Growth Corporate Class Portfolio, respectively.
  • Quotential Maximum Growth Portfolio and Quotential Maximum Growth Corporate Class Portfolio will be merged into Quotential Global Growth Portfolio and Quotential Global Growth Corporate Class Portfolio, respectively.

If approved, the new investment objective of Quotential Global Growth Portfolio and Quotential Global Growth Corporate Class Portfolio will be "long-term capital appreciation by investing primarily in a diversified mix of equity mutual funds", providing investors with a broader mix of investment ideas and geographic exposures.

If the change in objective is approved, the names of Quotential Global Growth Portfolio and Quotential Global Growth Corporate Class Portfolio will change to Quotential Diversified Equity Portfolio and Quotential Diversified Equity Corporate Class Portfolio, respectively. Additional name changes to the Quotential program and portfolios will be made after the mergers occur.

The above changes will be implemented after the close of business on or around July 26, 2013, pending regulatory and investor approvals.

The Quotential program is a comprehensive investment solution combining Franklin Templeton's expertise across multiple asset classes within the Franklin, Templeton, Bissett and Mutual Series investment management groups. Co-managed by industry veterans Brent Smith and Stephen Lingard of Franklin Templeton Multi-Asset Strategies, the $8-billion Quotential program is backed by a 27-member global investment team dedicated to using a disciplined approach to multi-asset management, helping mitigate risks and maximize returns for investors' portfolios.

Quotential Balanced Growth Corporate Class Portfolio, Quotential Global Balanced Corporate Class Portfolio, Quotential Global Growth Corporate Class Portfolio, Quotential Canadian Growth Corporate Class Portfolio and Quotential Maximum Growth Corporate Class Portfolio are part of Franklin Templeton's Corporate Class structure, which allows investors to switch between funds and portfolios while deferring any taxable dispositions until they redeem from the structure.

Securityholders of Quotential Global Balanced Portfolio, Quotential Global Balanced Corporate Class Portfolio, Quotential Canadian Growth Portfolio, Quotential Canadian Growth Corporate Class Portfolio, Quotential Maximum Growth Portfolio, Quotential Maximum Growth Corporate Class Portfolio, Quotential Global Growth Portfolio, Quotential Global Growth Corporate Class Portfolio and Quotential Balanced Growth Corporate Class Portfolio will receive an information circular in May 2013 detailing the proposed changes.

About Franklin Templeton Investments
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, Bissett, Fiduciary Trust, Darby, Balanced Equity Management and K2 investment teams. The San Mateo, CA-based company has more than 65 years of investment experience and over US$813 billion (over C$838 billion) in assets under management as of February 28, 2013.

Franklin Templeton Investments Corp. has more than 600 employees providing services to more than one million unitholder accounts and more than 200 pension funds, foundations and other institutional investors. Additional information on Franklin Templeton Investments Corp. can be found at franklintempleton.ca.

SOURCE: Franklin Templeton Investments Corp.

For further information:

Media contact:
Sarah Kingdon, Corporate Communications, Franklin Templeton Investments, 416.957.6191


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