| 30 Nov 2008 |
|
Franklin Templeton launches FTIF Franklin Euroland Core Fund
- Text size
November 30, 2008: Franklin Templeton InvestmentsFranklin Templeton Investments
has announced the launch of FTIF Franklin Euroland Core Fund, a sub-fund of Franklin Templeton Investment Funds ("FTIF", a Luxembourg-registered SICAV).The Fund aims to achieve long-term capital appreciation by investing in equity securities of companies incorporated or having their principal activities in Euroland countries (i.e., countries having adopted the euro as their national currency, the member states of the European Monetary Union). The Fund's managers endeavor to obtain these objectives with less volatility and downside risk than the overall market, using a bottom-up research process to identify companies with a strong businesses model to support sustainable long-term growth, and are valued at a reasonable price.
The Fund is managed by the Pan European Equity Management Team, a newly-formed group under the Franklin Global Advisers umbrella. The team is headed by Frankfurt-based Uwe Zoellner, CFA, who has been a portfolio manager within Franklin Templeton InvestmentsFranklin Templeton Investments focusing on the European region for 13 years. Mr. Zoellner will be assisted by Michael Clements, CFA, who is based in London, and supported by additional analysts located in Edinburgh as well as in the United States.
The managers will strive to provide investors with superior risk-adjusted returns over a long investing time frame by focusing on fundamentally sound, industry-leading companies with a sustainable competitive advantage and the capacity to support above-average growth.
"We intend to combine in-depth long-term analyses of target companies with a disciplined valuation approach," says portfolio manager Uwe Zoellner. This approach is specifically designed to identify quality companies with good growth prospects which are trading below their intrinsic value."
The portfolio managers intend to focus in particular on the strength of the company's management and its business strategy. "We really want to understand the companies and what's behind their financials. We will be conducting competitive analyses and looking hard at management plans to grow operations, improve profitability and generate returns," Zoellner said.
The Fund will invest at least 75% of its total assets in equity securities issued by companies which are based in the European Union to ensure eligibility for the French Plan d'Epargne en Actions (PEA). The Fund will seek to outperform the MSCI EMU Index.
Franklin Global Advisers offers a full range of equity investment strategies (growth, hybrid, core and sector-specific) across all market capitalizations, and serving retail, institutional and high net worth investors. Franklin Global Advisers' teams include a dedicated Research Team, the Pan European Equity Team, a Global Core/Hybrid Team, and a Global Growth Team. Team members are based in Europe and North America.
-Ends-
About Franklin Resources, Inc.
Franklin Resources, Inc. [NYSE:BEN], is a global investment management organization operating as Franklin Templeton InvestmentsFranklin Templeton Investments. Franklin Templeton InvestmentsFranklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Mutual Series, Fiduciary Trust, Darby and Bissett investment teams. The San Mateo, CA-based company has more than 60 years of investment experience and over $426 billion in assets under management as of October 31, 2008. For more information, please visit www.franklintempletongem.com.
For more information, please contact:
Tasneem Raza
Watermelon PR
Dubai
UAE
Tel: +971 4 2833655
Email: tasneem@watermelonme.com
© Press Release 2008
Zawya is a distributor (and not a publisher) of content supplied by third parties and subscribers. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by those third parties, including information providers, subscribers or other users of the Service, are those of the respective author(s) or distributor(s) and not of the Company. The Company neither endorses nor is responsible for the accuracy or reliability of any opinion, advice or statement made on the Service by anyone other than authorized Service employee spokespersons while acting in their official capacities. The Company is not responsible for any infringement of intellectual property rights or breach of any applicable law or regulation, including regulation in relation to financial services or the distribution of financial products, defamation, data protection, telecommunications (including regulations relating to excessive use, spamming or other abusive activities) or obscene, offensive or illegal content). Under no circumstances will the Company be liable for any loss or damage caused by a member's reliance on information obtained through the Service. It is the responsibility of member to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content available through the Service. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
Read the full Member Agreement
http://www.zawya.com/legal/NewsLetter.cfm?name=disclaimer
More News in Financial Services
Loading ...
Post a Comment
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse.