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