(June 12 – 10:25 ET) – Templeton Management Ltd. today launches six new Franklin Funds covering the U.S. and specialty markets. Franklin Advisers, Inc., based in San Mateo, Calif., and part of Franklin Templeton Investments, will manage the new funds.
“The introduction of this expanded offering allows investors a broader range of options in their investment portfolio,” says Don Reed, President and CEO, Templeton Management Limited. “These Franklin Funds represent a strong performing family of growth style U.S. and specialty funds that complement the value approach of our Templeton Funds extremely well.”
Franklin Advisers, Inc. has more than US$25 billion of assets under management. Franklin Funds are managed using a bottom-up approach to security selection. Franklin also conducts extensive industry and trend analysis to uncover superior growth opportunities for investors.
“It’s still business as usual for Templeton Funds with the new expanded offering of Franklin Funds,” said Reed. “The investment approach for our Templeton funds remains unchanged and we continue to be firmly committed to the value investing philosophy”.
The six new U.S. and specialty funds and their respective fund managers are:
- Franklin U.S. Large Cap Growth Fund: Terri Spath
- Franklin U.S. Aggressive Growth Fund: Michael McCarthy
- Franklin U.S. Small Cap Growth RSP Fund: Ed Jamieson
- Franklin World Health Sciences & Biotech Fund: Kurt von Emster
- Franklin World Telecom Fund: Alex Peters
- Franklin Technology Fund: Ian Link
Also on sale June 12 is the Franklin U.S. Money Market Fund managed by Tom Runkel.
-IE Staff