Franklin Templeton Announces Changes for Franklin Quotential Portfolios and Certain Global Fixed Income Funds
18 Dec, 2013, 16:14 ET
TORONTO, Dec. 18, 2013 /CNW/ - Franklin Templeton Investments Corp. today announced allocation range changes for its Franklin Quotential Portfolios as well as a fee realignment for certain global fixed income funds.
Franklin Quotential Portfolios
Effective December 19, 2013, Franklin Quotential Portfolios will broaden the equity and fixed income allocation ranges to better align with each fund's respective category limit, as outlined by the Canadian Investment Funds Standards Committee. Additionally, foreign securities limits have been removed from the investment strategies of each Franklin Quotential Portfolio.
These changes will provide the Franklin Quotential Portfolios with added flexibility to adjust to changing market conditions, without compromising the core investment philosophy and objectives of the Franklin Quotential Portfolios.
Global Fixed Income Funds
In response to increasing demand for fee-based purchase options, Franklin Templeton will decrease the management fee for Series F units in Templeton Global Bond Fund and Templeton Global Bond Fund (Hedged) from 1.25 per cent to 0.75 per cent, effective January 1, 2014. Investors in these funds will benefit from industry standard pricing, ensuring lower and competitive fees for new and existing investors.
About Franklin Templeton Investments
Franklin Templeton Investments Corp. is a wholly owned subsidiary of Franklin Resources, Inc. (NYSE: BEN), 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, Franklin Mutual Series, Franklin 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$870 billion (C$924 billion) in assets under management as of November 30, 2013.
Copyright © 2013. Franklin Templeton Investments Corp. All rights reserved.
SOURCE: Franklin Templeton Investments Corp.
For further information:
Amie Lauder, Corporate Communications, Franklin Templeton Investments, [email protected], 416.957.6560
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