Company Statements

Public Statement on MIFID II Research Costs

Wednesday 13th September 2017

Franklin Templeton Investments announced today that effective 3 January 2018, we will pay for third-party investment research for client accounts covered by the European Union’s Markets in Financial Instruments Directive II (“MiFID II”) regulation. We have adopted this approach to ensure that all of our clients in scope will continue to benefit from both our collaborative global research process and our access to third-party research.

Our firm employs over 650 investment professionals in 27 countries, with access to trading 24 hours a day, 7 days a week. Over the years, we have expanded our global presence to include over 60 research, trading, sales and operations offices around the world. We believe that the unmatched breadth and depth of our global presence makes us uniquely positioned to spot opportunities for our investors anywhere in the world, which helps us produce our own in-depth analysis of potential investments across global markets and asset classes. We also strongly believe that third-party research makes an important contribution to our internal research process and brings an independent perspective to challenge and enhance our own.