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OBSR suspends Franklin Templeton’s A rating

Old Broad Street Research has suspended Franklin Templeton’s A rating on its Europe fund following the departure of manager Andrew MacKirdy.

MacKirdy, who also managed the global fund sicav, will be replaced on the European fund by Uwe Zoellner.

OBSR research director Richard Romer-Lee says: “Following the news that Andrew MacKirdy has left Franklin Templeton, OBSR has taken the decision to suspend the A-rating on the Franklin Templeton Europe fund with immediate effect.  We will meet with the new manager in order understand their plans for the fund going forward.”

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