TORONTO, ONTARIO--(Marketwired - April 11, 2013) - Franklin Templeton Investments Corp. today announced the introduction of Templeton Growth Fund, Ltd. Series A (Hedged) for Canadian investors looking to minimize the effects of changing currency valuations on their global equity holdings.
"Global equities have provided Canadians with diversification in their portfolios, but the strength of the Canadian dollar has been eroding positive total returns in global investments," said Ronice Barlow, head of Strategic Planning & Business Development - Canada, Franklin Templeton Investments Corp. "Templeton Growth Fund's new currency-hedged series will employ Templeton's global expertise to provide investors with value opportunities, and also reduce the impact of currency fluctuations."
Templeton Growth Fund, Ltd. Series A (Hedged) is a hedged series of Templeton Growth Fund, Ltd. , which Sir John Templeton first introduced to Canadians in 1954.
This new hedged series seeks to provide long-term capital appreciation, while reducing the potential effects of exchange rate fluctuations between the Canadian dollar and global currencies by investing in forward contracts. A mechanical hedge will be applied on currencies that represent a material exposure in the portfolio. It is expected that the independent hedging will help the investment returns be more reflective of the portfolio manager's investment process, philosophy and security selection.
"At Templeton, we take an active bottom-up, value driven, long-term approach to equity management to ensure that we capture the best investment opportunities around the world," said Lisa Myers, lead manager of Templeton Growth Fund, Ltd. since 2006. "Bargains are borderless and we invest in companies trading at discounts to future intrinsic value, which may produce greater upside potential with lower risk over time."
For the past 58 years, Templeton has been providing fund investors with a unique value investing approach, identifying high-quality companies that offer long-term capital growth potential, which are located in domestic and emerging markets around the world. Templeton Global Equity Group has an experienced team of 37 investment professionals across the globe, providing on-the-ground, in-depth research.
"Value stocks have outperformed and equity correlations have declined during the first quarter of 2013, which suggests that investors are beginning to refocus on fundamentals after a period of macro-driven trading. Media, technology and health care holdings have all contributed to Templeton Growth Fund's positive performance over the past quarter," added Myers. "The macro concerns in Europe have been challenging, but we expect our select financial holdings in that region to eventually have more normalized levels of profitability. While macroeconomic noise will persist and volatility may return, we believe compelling buying opportunities will be present for value-oriented investors."
For more global market viewpoints from Lisa Myers and other Franklin Templeton portfolio managers, visit the Beyond Bulls & Bears blog .
About Franklin Templeton Investments
Franklin Templeton Investments Corp. is a wholly owned subsidiary of Franklin Resources, Inc. (NYSE:BEN), a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Mutual Series, Bissett, Fiduciary Trust, Darby, Balanced Equity Management and K2 investment teams. The San Mateo, CA-based company has more than 65 years of investment experience and over US$823 billion (over C$836 billion) in assets under management as of March 31, 2013. For more information, please visit http://www.franklintempleton.ca .
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