TORONTO, Jan. 23, 2015 /CNW/ - Franklin Templeton Investments Corp. today announced an upcoming change to its fund line-up that will streamline the investment options for Franklin Quotential and Franklin LifeSmart™ multi-asset class portfolios.
Franklin Templeton intends to terminate Franklin Templeton Canadian Core Equity Fund on or around March 27, 2015. This fund has been used exclusively as an investment option for Franklin Quotential and Franklin LifeSmart portfolios. As other current investment options sufficiently cover the Canadian equity asset class, it was determined that Franklin Templeton Canadian Core Equity Fund can be eliminated.
Upon completion of the fund termination, the portfolio managers of Franklin Quotential and Franklin LifeSmart portfolios intend to reallocate all assets currently invested in Franklin Templeton Canadian Core Equity Fund into a combination of funds already held within the portfolios.
About Franklin Quotential, Franklin LifeSmart and Franklin Templeton Solutions
Franklin Quotential is a comprehensive investment solution combining Franklin Templeton's expertise across multiple asset classes within the Franklin, Templeton, Franklin Mutual Series and Franklin Bissett investment management groups. Managed by Stephen Lingard, CFA, and Michael Greenberg, CFA, of Franklin Templeton Solutions, the C$8.5 billion (US$7.3 billion) Franklin Quotential is backed by the Solutions team globally.
Franklin LifeSmart is a suite of multi-asset, target-date and target-risk portfolios that are available to group RRSP service providers and pension plan sponsors. These actively managed portfolios are exclusively offered through insurance companies' group savings platforms.
Franklin Templeton Solutions is dedicated to using a disciplined approach to multi-asset management, helping to mitigate risks and maximize returns for investors' portfolios. The Solutions group creates portfolios that strive to add value through three sources: strategy allocation, tactical asset allocation and manager and strategy selection. While leveraging Franklin Templeton's local insights and global perspectives, the Solutions group integrates risk management as an input and override, which guides short- and long-term allocation convictions across market cycles. In Canada, Franklin Templeton Solutions is part of Fiduciary Trust Company of Canada, a wholly-owned subsidiary of Franklin Templeton Investments Corp. Franklin Templeton Solutions manages more than US$40 billion (over C$46 billion) in assets globally as of December 31, 2014.
About Franklin Templeton Investments
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management to retail, institutional and sovereign wealth clients in over 150 countries. Through specialized teams, the company has expertise across all asset classes—including equity, fixed income, alternative and custom 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 offices in 35 countries, the California–based company has more than 65 years of investment experience and over US$880 billion (over C$1,022 billion) in assets under management as of December 31, 2014. For more information, please visit franklintempleton.ca.
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SOURCE Franklin Templeton Investments Corp.
Sarah Kingdon, Corporate Communications, Franklin Templeton Investments, 416.957.6191; Amie Lauder, Corporate Communications, Franklin Templeton Investments, 416.957.6560Copyright CNW Group 2015