from an April SEC
filing that Franklin Templeton Investments
had in the works a fund mixing corporate, foreign and government bonds with dividend-paying stocks and convertible securities. On Monday the San Mateo company officially introduced
its Franklin Balanced Fund
, which will aim to keep 60 percent of assets in equity and 40 percent in fixed income, with a minimum of 25 percent in each. The fund's benchmarks are the S&P 500 and the Lehman Brothers U.S. Aggregate Index.
Stay ahead of the news ... Sign up for our email alerts now