TORONTO, March 1, 2016 /CNW/ - Franklin Templeton Investments Corp. today announced fee reductions for its Canada-domiciled Franklin Bissett Money Market Corporate Class. Effective immediately, the management fees for Series A and I of Franklin Bissett Money Market Corporate Class have been reduced by 25 bps.
"Following a comprehensive review of industry pricing and consultation with the advisor community, we are pleased to begin offering Franklin Bissett Money Market Corporate Class to investors seeking a money fund option at a lower cost," said Duane Green, managing director, Canada at Franklin Templeton Investments.
Franklin Bissett Money Market Corporate Class seeks high current income, liquidity and preservation of capital by investing primarily in high quality money market securities issued by Canadian federal or provincial governments and government agencies, and high quality short-term money market instruments and bankers acceptances.
Franklin Templeton's Corporate Class structure allows investors to switch between funds and portfolios while deferring any taxable dispositions until they redeem from the structure.
Investors are encouraged to speak with their financial advisor about these changes and to review their options. For account information, Franklin Templeton's client services team can be reached between 8 a.m. and 8 p.m. ET at 1.800.387.0830 (toll-free).
About Franklin Templeton Investments
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 to retail, institutional and sovereign wealth clients in over 180 countries. Through specialized teams, the company has expertise across all asset classes—including equity, fixed income, alternative and custom solutions. The company's more than 600 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With offices in 35 countries, the California–based company has more than 65 years of investment experience and over US$728 billion (C$1,020) in assets under management as of January 31, 2016.
For more information, please visit franklintempleton.ca or connect with Franklin Templeton on Twitter (@FTI_Global) and read the Beyond Bulls & Bears blog featuring perspectives from Franklin Templeton investment professionals around the world.
Copyright © 2016. Franklin Templeton Investments. All rights reserved.
SOURCE Franklin Templeton Investments Corp.
For further information: Media Contact: Amie Lauder, Corporate Communications - Canada, Franklin Templeton Investments, (416) 957-6560, [email protected]