TORONTO, Jan. 10, 2012 /CNW/ - Franklin Templeton Investments Corp.
today introduced a balanced fund for Canadian investors who want to
generate income in a volatile market environment. The new Bissett
Strategic Income Fund will provide a diversified mix of high-yielding
equities and fixed income securities from Canada and around the world.
"Canadians are concerned about market volatility, inflation and rising
interest rates affecting their investments," said Don Reed, president
and CEO, Franklin Templeton Investments Corp. "Bissett Strategic
Income Fund can help investors sleep at night by mitigating risk in
their investment portfolio and providing them with the potential for
attractive yields and growth over the long-term."
The fund will be co-managed by two industry veterans: Leslie Lundquist,
co-lead manager of Bissett Canadian High Dividend Fund, will oversee
the fund's equity position, while Tom O'Gorman, co-lead manager of
Bissett Bond Fund, will be in charge of the fund's fixed income
holdings. Together, Ms. Lundquist and Mr. O'Gorman have 39 years of
experience in the investment industry.
The fund's asset allocation strategy allows the two managers to respond
quickly to market conditions. Bissett Strategic Income Fund may hold
between 40 per cent and 60 per cent of its investments in equities, and
between 40 per cent and 60 per cent in fixed income. The fund's neutral
asset mix is 50 per cent equities and 50 per cent fixed income.
The equity portion of the portfolio will focus on high-dividend paying
Canadian equities with diversification across sectors and market
capitalizations. Ms. Lundquist and her team will use Bissett's
growth-at-a-reasonable-price investment style to find companies that
offer high and stable to modestly growing dividends.
Mr. O'Gorman and the Bissett fixed income team will invest in a mix of
Canadian and global multi-sector securities to provide the best yield
opportunities. The fund will leverage the expertise of Franklin
Templeton's high-yield global corporate bond team based in San Mateo,
Income distributions will be made monthly to unitholders and are
expected to consist mainly of tax-efficient dividends.
Bissett Strategic Income Corporate Class is part of Franklin Templeton's
tax class structure, which allows investors to switch between funds and
portfolios while deferring any taxable events until they redeem from
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
approximately US$676-billion (C$689-billion) in assets under management
as of November 30, 2011.
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, consultant, public relations, Franklin Templeton Investments, 416.957.6191
Keith Damsell, vice president, corporate communications, Franklin Templeton Investments, 416.957.6099