TORONTO, Jan. 12 /CNW/ - Franklin Templeton Investments Corp. today
introduced a new global fund-of-funds, Franklin Templeton Global Blend Fund,
and a North American quant fund, Bissett Focus Balanced Fund, for Canadians
who want a conservative way to re-enter the equity markets, while balancing
their risk with fixed income.
"Many Canadians are sitting on the sidelines too fearful to get back into
the markets. Unfortunately, they run the risk of missing the recovery," said
Don Reed, president and CEO of Franklin Templeton Investments Corp. "When the
markets are choppy, a balanced fund that has a mix of equity and fixed income
investments is a good place to start."
The new Franklin Templeton Global Blend Fund will provide investors the
ability to benefit from the best of both worlds - participate in equity
returns while at the same time taking advantage of the stability offered by
fixed income investments. This global fund-of-funds will capitalize on the
expertise of multiple managers of the underlying funds: Templeton Global Bond
Fund, Mutual Discovery Fund and Franklin World Growth Fund. Fiduciary Trust
Company of Canada will be the portfolio advisor.
The new Bissett Focus Balanced Fund is a unique quantitative balanced
fund that will invest primarily in a diversified portfolio of equity
securities in Canada, the United States and North American-listed
multinational corporations, Canadian federal, provincial and corporate bonds,
and fixed income securities issued around the world. The fund's pre-determined
quant screening model identifies Canadian and U.S. equities based on selection
criteria, while incorporating a mix of historical and projected financial and
stock market data. Bissett Investment Management will manage the asset
allocation for this fund.
Tax-efficient versions - Corporate Class and Series-T - of Franklin
Templeton Global Blend Fund and Bissett Focus Balanced Fund will be available
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 1.2 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, Fiduciary Trust, Darby and
Bissett investment teams. The San Mateo, CA-based company has more than 60
years of investment experience and over US$404 billion (C$500 billion) in
assets under management as of November 30, 2008.
For further information:
For further information: Media contact: Sarah Kingdon, Franklin
Templeton Investments Corp., (416) 957-6191