MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, January 4, 2001 Growth... and More Growth Franklin Templeton Distributors has opened its first funds using Fiduciary Trust Company International as sub-advisor. The firm is acquiring the high-net-worth asset manager in order to gain entry into that coveted space but is now crossing over its investment talent for its funds. "As we expand our offering of global growth-style investments, we're making Fiduciary's extensive global research capabilities, previously reserved primarily for institutions and high net worth investors, available to financial advisors for their mutual fund clients," said Greg Johnson, a member of the office of the president at Franklin Resources. According to a Franklin spokeswoman, Fiduciary Trust was an attractive acquisition because its global growth management style complements Franklin's own value-oriented investing. This sub-advisement relationship exemplifies the benefits of the pairing, and may demonstrate Franklin's impatience to expand its fund offerings before the acquisition is finalized later this year. By opening just shy of the end of the year, the funds will squeeze in an extra year of performance. The Global Growth Fund targets dominating companies with growth potential while the Global Aggressive Fund looks more at up-and-comers in the same area. Sheila Hartnett-Devlin will manage the Global Growth Fund with Joshua Rosenthal and Paul Harris. She will manage the Global Aggressive Fund with Margaret Lindsay, David Lee, and Jeremy Biggs. The funds will both be available in A, B, C, and Advisor Class shares. Printed from: MFWire.com/story.asp?s=26301 Copyright 2001, InvestmentWires, Inc. All Rights Reserved |