Welcome to CanadianHedgeWatch.com
Saturday, December 4, 2021

Franklin Templeton launches new fund

Date: Friday, April 12, 2013
Author: Investment Executive

Toronto-based Franklin Templeton Investments Corp. launched a new fund on Thursday to help investors keep more of their real returns from global equities.

The fund, called Templeton Growth Fund, Ltd. Series A (Hedge), uses forward contracts to reduce the potentially negative effects currency fluctuations have on the real returns of global equities. The fund will place a mechanical hedge on currencies that make up a large part of the portfolio.

"Global equities have provided Canadians with diversification in their portfolios, but the strength of the Canadian dollar has been eroding positive returns in global investments," said Ronice Barlow, head of strategic planning and business development, Canada, Franklin Templeton.

"Templeton Growth Fund's new currency-hedged series will employ Templeton's global expertise to provide investors with value opportunities, and also reduce the impact of currency fluctuations."

The fund's independent hedging strategy will allow the fund's investment returns to follow the portfolio manager's investment process, philosophy and security selection more closely.