Franklin Templeton Investments Corp. launches Asian Growth fund for Canadians

TORONTO, Jan. 6 /CNW/ - Franklin Templeton Investments Corp. today introduced the launch of Templeton Asian Growth Corporate Class managed by emerging markets expert Mark Mobius and his team. The fund will invest in companies across the Asia region, as well as companies positioned to benefit from development in these economies.

"Asia has witnessed a tremendous transformation since we began investing there in 1987. It is now home to some of the fastest growing economies globally," said Mark Mobius, executive chairman of Templeton Emerging Markets Group and lead manager of Templeton Emerging Markets Fund and Templeton Asian Growth Corporate Class.

"Asia represents an important arena in emerging markets investing. While valuations in this region have indeed increased in recent times, growth and profitability still appear strong, indicating, in our view, strong fundamentals. As bottom-up value investors, we are still able to find attractive stocks on an individual basis in most Asian markets."

Click here to watch a video of Mark Mobius discussing opportunities in Asia.

The number of listed companies in Asian emerging markets has grown by 206 per cent over the last 20 years versus 36 per cent in developed countries. Investors who seek exposure to the growing number of listed companies in Asia can do so by investing in this fund.

The objective of Templeton Asian Growth Corporate Class is long-term capital appreciation by investing primarily in equity securities of companies located in Asia, including, but not limited to, Hong Kong, India, Indonesia, Korea, Malaysia, the People's Republic of China, Pakistan, the Philippines, Singapore, Sri Lanka, Taiwan, Thailand and Vietnam. The fund can also invest in companies expected to benefit from developments in the economies of the Asia region. Using a blend of growth and value investment styles, the fund will provide diversification across all market capitalization ranges.

The new fund is part of Franklin Templeton's Corporate Class structure. The structure allows investors to switch between funds and portfolios while deferring taxable events until they redeem.

The fund's lead manager -- Mark Mobius -- and co-lead managers -- Allan Lam, Steve Chae and Jay Choi -- are supported by Templeton's emerging markets team of over 40 investment professionals, more than half of whom are based in Asia. They bring first-hand knowledge of specific countries and the ability to capitalize on opportunities others may fail to uncover. The team has offices in 17 locations, eight within the Asia region, and members travel to some 40 Asian cities each year to perform company visits and gather information and data that facilitates timely and informative investment decision-making.

About Franklin Templeton Investments

Franklin Templeton Investments Corp. is a wholly owned subsidiary of Franklin Resources, Inc. (NYSE: BEN), a global investment organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Bissett, Mutual Series, Fiduciary Trust and Darby investment teams. The San Mateo, CA-based company has more than 60 years of investment experience and more than US$642 billion (C$659 billion) in assets under management as of November 30, 2010.

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 www.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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