Franklin Templeton launches new series

Toronto-based Franklin Templeton Investments Corp. has added to its fund lineup with Templeton Growth Fund Ltd. Series A (Hedged). The new series is a hedged series of Templeton Growth Fund Ltd., which Sir John Templeton first introduced to Canadians in 1954. The new series will offer Canadian investors the opportunity to minimize the effects of changing currency valuations on their global equities holdings. This new hedged series seeks to provide long-term capital appreciation while reducing the potential effects of exchange-rate fluctuations between the Canadian dollar and global currencies by investing in forward contracts. A mechanical hedge will be applied on currencies that represent a material exposure in the portfolio. It is expected that the independent hedging will help the investment returns for the fund series to be more reflective of the portfolio manager’s investment process, philosophy and security selection. Lisa Myers is the lead manager of Templeton Growth Fund Ltd. Advisor commissions are 0%-6% for front-end sales, 5% for deferred sales or 2.5% for the low-load option. Redemption fees begin at 6% in Year 1, and end at zero after Year 6 of the regular DSC schedule; or begin at 3% in Year 1, and end at zero after Year 3 of the low-load schedule. Trailing commissions are 1% for front-end sales; and 0.5% for the first six years of deferred and low-load sales, then 1% thereafter. Management fees are 1.9% for the hedged A-class units. Minimum investment is $500.

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