Franklin Templeton Investments is going for growth with the US aggressive growth fund.
US aggressive growth is an open ended investment company (Oeic) aimed at experienced investors who want exposure to companies in the United States and it can be included in the companys individual savings account.
Although registered in the UK, the fund management team will be based in California.
The Oeic will invest in companies that are coming into their respective markets and are at the stage where they are aggressively promoting new products and services. These could be new companies as well as established companies that have developed new products. The areas the Oeic will offer exposure to include the technology, telecommunications, healthcare and manufacturing markets.
Although the American market has seen a great deal of growth in recent years, this has lasted for so long that there are now fears that it might end in the near future. Another potential cause for concern is the uncertainty over who will win the forthcoming US presidential election.
The Democrats created the existing economic boom and if they win will continue their policies. However, the Republicans say they will cut taxes, which could have an adverse affect on the economy.
According to Standard & Poors the Franklin Templeton mutual beacon fund is ranked 54 out of 151 funds, based on £1,000 invested on a bid to bid basis with gross income reinvested over one year to September 4, 2000.