Franklin Templeton Investments is closing a trio of Oeic funds as it prepares to roll out new launches.
The £8m Franklin Strategic Bond fund, the £4m Franklin Diversified Growth fund and £17m Franklin Diversified Income fund will be closed on 15 December, “due to the small size of the funds”.
“We regularly review our fund range offering and in this regard we made several changes for UK investors,” a spokesperson for Franklin Templeton says.
“In February 2017 we launched the Franklin UK Gilt fund and the Franklin UK Corporate Bond fund with a highly competitive annual management charge of 25 basis points and 35 basis points for class W Shares respectively. We have also reduced the fee on three core UK Equity funds, the Franklin UK Rising Dividends fund, Franklin UK Equity Income fund and Franklin UK Opportunities fund, to 45 basis points.
“We are confident that our current fund range represents a strong value proposition for UK investors and we are committed to building our offering in relevant sectors of the market. We have a number of new investment offerings in the pipeline that we will be in a position to announce over the coming months.”