Franklin Templeton tweaks Quotential

Toronto-based Franklin Templeton Investments Corp. has made allocation range changes for its Franklin Quotential Portfolios, as well as a fee realignment for certain global fixed-income funds. The equities and fixed-income allocation ranges for the Franklin Quotential Portfolios have been broadened to align better with each fund’s respective category limit, as outlined by the Canadian Investment Funds Standards Committee. In addition, foreign securities limits have been removed from the investment strategies of each Franklin Quotential Portfolio. These changes will provide the Franklin Quotential Portfolios with added flexibility to adjust to changing market conditions without compromising the core investment philosophy and objectives of the portfolios. In addition, due to increasing demand for fee-based purchase options, Franklin Templeton has decreased the management fee for F-class units in Templeton Global Bond Fund and Templeton Global Bond Fund (Hedged) to 0.75% from 1.25%.

Compiled by Clare O’Hara (cohara@investmentexecutive.com).