Franklin Templeton Investments Corp. has introduced a new global income fund for Canadian investors to expand their income opportunities beyond Canada’s borders.

The new Templeton Global Income Fund will focus on global dividend-paying equities and bonds from around the world to provide investors regular income with potential capital appreciation.

“With 97% of the world’s equity and fixed income markets located outside of Canada, the new fund is an ideal solution for investors who are looking to globally diversify their income sources,” said Don Reed, president and CEO, Franklin Templeton Investments Corp., in a release. “With its monthly distribution, Templeton Global Income Fund is ideal for investors looking for a regular stream of income in today’s markets.”

The bond portion of the new fund will be made up of a combination of corporate, agency and government debt securities from numerous countries, including emerging markets. The equity portion will be made up of stocks from around the world that offer attractive dividend yields.

The fund’s equity component will draw on the expertise of the Templeton global equity group. The fixed income component will be managed by the Franklin fixed income group, who have been managing fixed income investments for more than 50 years. These same groups are also responsible for managing the US$74 million U.S.-based Templeton Income Fund, which the new Canadian fund is modeled after.