The firm is also lowering the management fees of Franklin Quotential Balanced Growth Portfolio and Franklin Quotential Balanced Growth Corporate Class Portfolio
Duane Green, the firm’s managing director, Canada, will take over from Reed early next year
One portfolio provides an actively managed mix of domestic and foreign fixed-income while the other fund provides steady income from Canada government bonds
The company’s proposed new ‘Simplicity Pricing’ program recognizes higher levels of client investment with a flat fee
Investors will be placed in corresponding continuing funds
The funds continuing in their place are better positioned to achieve diversification with lower volatility
The timing is right for the fund, which has been available to European investors since 1996, to become available to Canadians as the region is showing signs of revival
As markets have risen, so have P/Es, says Templeton’s Peter Moeschter
The changes are the result of an annual review
Franklin Bissett manager favours select high-quality issues