New fund from Franklin Tem­ple­ton

Investment Executive - - FOCUS ON PRODUCTS -

Toronto-based Franklin Tem­ple­ton In­vest­ments Corp. has launched a mu­tual fund that fo­cuses on North Amer­i­can eq­ui­ties. Franklin Bis­sett Canada Plus Eq­uity Fund can in­vest up to 49% of its port­fo­lio in for­eign se­cu­ri­ties, with an em­pha­sis on U.S. eq­ui­ties. As well, the fund’s port­fo­lio man­agers may use eq­uity-based put op­tions to re­duce the over­all volatil­ity of the fund. The fund will be co-man­aged by Garey Aitken, chief in­vest­ment of­fi­cer and port­fo­lio man­ager with Franklin Bis­sett In­vest­ment Man­age­ment Ltd., along with Tim Caulfield, di­rec­tor of eq­uity re­search and port­fo­lio man­ager with Franklin Bis­sett. 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 fron­tend sales; 0.5% for the first six years of de­ferred sales, and 1% there­after; and 0.5% for the first three years of lowload sales, and 1% there­after. Man­age­ment fees are 1.9% for A-class units and 0.9% for F-class units. Min­i­mum in­vest­ment is $500.

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