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Franklin Templeton Canada has announced it will reduce the fees for its emerging market funds.

The administration fee for the Templeton Emerging Markets Fund and the Templeton Emerging Markets Corporate Class for Series PA and PF will decrease by 20 basis points on June 1, the firm said Friday in a release. The management fee for the funds’ Series O will be reduced by the same amount on July 1.

The risk rating for the funds will be reduced around May 28 to medium from its current medium-to-high rating. Ratings for 15 other mandates will be reduced at the same time.