Franklin Eyes Core Assets
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Tuesday, November 16, 2004

Franklin Eyes Core Assets

Undeterred by scandal, Franklin Resources is planning on making a sales and marketing push into management of core growth equity assets and international assets.

Martin Flanagan, co-chief executive officer of Franklin made the comments at a Merrill Lynch conference in New York on Monday, reported

"We're not fully recognized as a core managerů[o]ne of our main focuses in the next 12 months is to pick up some market share there," Flanagan said, according to

"There's been enough uncertainty with some of the other core managers that we think we have an opportunity to do that," reported Flanagan as saying.

Abroad, Flanagan said Franklin was growing assets in Germany, Italy, France, Taiwan, South Korea and India.

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