Franklin Templeton looks to Europe

Toronto-based Franklin Templeton Investments Corp. has opened a European mutual fund to Canadian investors. Franklin Mutual European Fund uses a value approach and fundamental research to find European companies with upside potential. Philippe Brugère-Trélat, executive vice president and portfolio manager, Franklin Mutual Series; and Katrina Dudley, research analyst and portfolio manager, Franklin Mutual Series, are the fund’s portfolio co-managers. Brugère-Trélat and Dudley have co-managed Franklin Mutual European Fund for European investors since 2007. As of Aug. 31, 2015, the Europe-based fund had 2.9 billion euros in assets under management. 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 for 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; 0.5% for the first six years of deferred sales, and 1% thereafter; and 0.5% for the first three years of low-load sales, and 1% thereafter. Management fees are 2% for A-class units and 1% for F-class units. Minimum investment is $500.

(fcollie@investmentexecutive.com)