View more on these topics

Franklin Templeton sets sights on UK market

Franklin Templeton Investments has unveiled four Oeic funds as part of its plans to attract more business from UK investors.

Until recently, the main focus of the company&#39s fund range was Luxemburg but it acquired a Dublin base in 2000 when it acquired Fiduciary. However, the company decided the best way to attract UK business was to set up the UK Oeic umbrella rather than rely on the Dublin Oeic. Four funds within the Dublin-based umbrella with similar strategies to the new funds will now be closed and their investors may switch without charge into the new Oeic funds.

Three of the four new funds – Franklin US equity, Franklin mutual shares and Templeton Europe &#45 are mirror versions of existing funds. Franklin US Equity invests in US companies of all sizes using both growth and value styles and may hold cash. Franklin mutual shares is a mirror of a US-registered fund that has been around since 1949. It is managed by David Winters, who will look mainly at undervalued equities and to a lesser degree distressed companies or those involved in restructuring.

Templeton Europe is a value fund managed by Edinburgh-based Ken Cox, who has been running the Templeton euromarket fund since 1999 and the Templeton European fund since 1991. The remaining fund, Franklin corporate bond, aims to produce a higher income than UK government bonds and its exposure to high-yield bonds is limited to a maximum of 15 per cent.

Pursuing UK business with onshore funds rather than the halfway house of a Dublin base may increase Franklin Templeton Investment&#39s name awareness among IFAs. Advisers are more likely to have clients who live in the UK and unless those clients have specific tax issues that make offshore investments more suitable, onshore funds are likely to be more appealing.

Recommended

Consolidate to boost pension funds, says L&G

Consolidating pension pots with one provider could boost a client&#39s overall fund, says Legal & General. The life office says advisers should consider switching clients to lower-charging products because many providers charge existing clients at pre-stakeholder levels. L&G says even existing clients with the benefit of stakeholder-friendly charges should consider switching where the new charge […]

HL set for equity release

Hargreaves Lansdown is entering the equity-release market with a team of three specialist advisers and plans to increase the team rapidly. The IFA believes it is the right time to launch into the market, saying the sector is gaining credibility as more lenders launch products. Hargreaves will initially consider products from all lenders but says […]

New business development manager for Winterthur Life

Winterthur Life UK has announced the addition of David Beacham to its sales team in the role of business development manager.Beacham has 13 years experience in the financial services industry, formerly working at GE Life and Prudential as well as working as an IFA for two years.

The peak districts

The housing market bubble is still showing no signs of bursting. Figures flowing in for July seem to point more towards the market stabilising, with some reporting no change in average asking prices between June and July. Property portal Rightmove believes the standstill is encouraging buyers back into the market. If this continues, it suggests […]

Sierra Leone cover image - thumbnail

White paper — Sierra Leone International Insights

Jelf Employee Benefits assesses the areas that employers should be aware of when considering operating in Sierra Leone, including healthcare access, delivery and insurance provisions. This report draws on various sources to highlight specific considerations for this emerging jewel in West Africa.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com