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.
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