Franklin Templeton Launches Franklin Global Targeted Strategies Fund For UK Investors

From Franklin Templeton
Contact Saira Khan
Telephone (0)20 70738644

FRANKLIN TEMPLETON LAUNCHES FRANKLIN GLOBAL TARGETED STRATEGIES FUND FOR UK INVESTORS

London, 04 February 2020 – Franklin Templeton1 today announced the launch of the Franklin Global Targeted Strategies Fund2, an investment company with variable capital (ICVC) . This is the firm’s first NonUCITS Retail Scheme (NURS) for UK investors. The new multi-asset fund will be managed by Edinburghbased Portfolio Manager Brendan Walsh and California-based Portfolio Manager Todd Brighton from Franklin Templeton Multi-Asset Solutions (FTMAS).

The new fund’s objective is to achieve a total return (from a combination of income and investment growth) of 4% above the Bank of England Deposit Rate (gross of fees and costs) on an annualised basis over a rolling five-year period. It will seek to achieve this return while maintaining an annualised volatility level (as measured by standard deviation) of up to one-half of the volatility of global equities, as measured by the MSCI World Index over the same rolling five-year period. The primary W share class will be available to investors at 50 basis points.

Franklin Global Targeted Strategies Fund is able to invest flexibly across asset classes, regions, countries, sectors, market capitalisations, credit quality and currencies without constraint to achieve its objective. It may also invest up to 20% of its net assets in illiquid investments, including, but not limited to, property, private credit, and collective investment schemes that invest in illiquid assets.

Furthermore, the fund is able to access the full breadth and depth of Franklin Templeton’s investment capabilities, including bottom-up investment ideas from teams that specialise in equity and fixed income security research, quantitative strategies, and investment in illiquid assets. In addition to leveraging the standalone investment capabilities of the various teams, the fund will incorporate macroeconomic views from key investment personnel across the firm, which will help drive the fund’s macro positioning and investment strategies.

Brendan Walsh said: “This fund has been designed to appeal to UK investors who are looking for capital appreciation over the long term with strong risk management. By looking at the different exposures, based on how much risk they add to the portfolio, we are able to spread risk across investment ideas. This kind of volatility management is especially important in today’s uncertain environment. Similarly, we are able to diversify return contribution across investment ideas, rather than relying on one asset class, region, or sector for returns - thus providing a balance of both investment growth and risk management, two factors which we believe are fundamental for long-term investors, especially those saving for retirement.”

Martyn Gilbey, UK Country Head, Franklin Templeton added: “Five years on from the introduction of pension freedoms, the UK DC market has rapidly grown offering investors more control of how they accumulate assets and manage their retirement income needs. We are pleased to expand our multi-asset capabilities in the UK to offer investors additional choice in in this important and growing area of the market.”

The investment team will be supported by the Franklin Templeton Multi-Asset Solutions team, which includes more than 60 multi-asset investment professionals, specialising in strategic asset allocation and tactical positioning, fundamental and quantitative research, active integration and risk management. The platform had more than $117 billion in assets under management as of December 31, 2019 and its global reach includes investment offices in Edinburgh, Frankfurt, Hong Kong, Hyderabad, London, Milan, Mumbai, New York, San Mateo, Singapore and Toronto.

For more information please visit: www.franklintempleton.co.uk.

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FRANKLIN TEMPLETON LAUNCHES FRANKLIN GLOBAL TARGETED STRATEGIES FUND FOR UK INVESTORS

Contacts

Franklin Templeton InvestmentsFTI Consulting
Saira KhanErica Lewis
Senior Corporate Communications Manager, UKSenior Consultant
Cannon Place, 78 Cannon Street200 Aldersgate Street
London EC4N 6HLLondon EC1A 4HD
Tel: 0207 073 8644Tel: 020 3727 1514
Email: saira.khan@franklintempleton.co.ukEmail: erica.lewis@fticonsulting.com

Notes to Editors:

  1. Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization operating as Franklin Templeton. Franklin Templeton’s goal is to deliver better outcomes by providing global and domestic investment management to retail, institutional and sovereign wealth clients in over 170 countries. Through specialized teams, the company has expertise across all asset classes, including equity, fixed income, alternatives and custom multi-asset solutions. The company’s more than 600 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With employees in over 30 countries, the Californiabased company has more than 70 years of investment experience and over $698 billion in assets under management as of December 31, 2019. For more information, please visit www.franklintempleton.co.uk.

  2. The Franklin Global Targeted Strategies Fund (FGTSF) an investment company with variable capital (ICVC) is a nonUCITS retail scheme and is a standalone company under the OEIC Regulations. Subscriptions to shares of FGTSF can only be made on the basis of the current prospectus, and, where available, the relevant Key Investor Information document, accompanied by the latest available audited annual report and the latest semi-annual report if published thereafter. The value of shares in FGTSF and income received from it can go down as well as up, and investors may not get back the full amount invested.

Past performance is not an indicator or a guarantee of future performance. Currency fluctuations may affect the value of overseas investments. When investing in a fund denominated in a foreign currency, your performance may also be affected by currency fluctuations. In emerging markets, the risks can be greater than in developed markets.

An investment in FGTSF entails risks, which are described in the FGTSF’s prospectus and, where available, the relevant Key Investor Information document. Investments in derivative instruments entail specific risks that may increase the risk profile of the fund and are more fully described in FGTSF’s prospectus and where available in the relevant Key Investor Information document. References to particular industries, sectors or companies are for general information and are not necessarily indicative of a fund’s holding at any one time. No shares of FGTSF may be directly or indirectly offered or sold to nationals or residents of the United States of America. Shares of FGTSF are not available for distribution in all jurisdictions and prospective investors should confirm availability with their local Franklin Templeton representative before making any plans to invest.

This press release is intended to be of general interest only and does not constitute professional advice. Franklin Templeton and its management groups have exercised professional care and diligence in the collection and processing of the information in this press release. Franklin Templeton makes no representations or warranties with respect to the accuracy of this document. Franklin Templeton shall not be liable to any user of this report or to any other person or entity for the inaccuracy of information contained in this press release or for any errors or omissions in its contents, regardless of the cause of such inaccuracy, error or omission.

Any research and analysis contained in this document has been procured by Franklin Templeton for its own purposes. For more information, UK investors should contact: Franklin Templeton, Cannon Place, 78 Cannon Street, London EC4N 6HL. United Kingdom. Phone: 0800 305 306, Email ftisalessupport@franklintempleton.co.uk.

Issued by Franklin Templeton Investment Management Limited (FTIML). FTIML is authorised and regulated in the United Kingdom by the Financial Conduct Authority.

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