New Fund Uses Global Network of Asset Managers

January 18, 2011 ( - Franklin Templeton Investments has introduced the Franklin World Perspectives Fund, an actively-managed global growth equity fund that draws upon the investment expertise of Franklin’s global network of local asset management teams.

The fund’s managers, Stephen H. Dover and Purav A. Jhaveri work with Franklin’s regionally based sub-advisers to develop local portfolios of securities that seek to outperform the relevant markets of each region and to combine them into a broadly diversified global fund. The sub-advisers who construct the fund’s regional sub-portfolios include the senior investment professionals from Franklin’s local asset management teams in Brazil, Japan, India and South Korea—as well as the heads of the U.S., Canadian and European Franklin Equity Group growth teams.    

According to a press release, the fund employs a diversified, opportunistic approach to stock selection that is unconstrained by geographical location or market capitalization.  It can invest across all markets—including developed, emerging and frontier markets.    

The fund employs an interactive regional allocation process, which means that exposure to various regions will vary over time, according to the portfolio managers’ and the sub-advisers’ opinions as to the prevailing conditions and prospects for these markets.    

The benchmark for this fund, the MSCI All Country World Plus Frontier Markets Index, consists of all investable countries in the world.  It was selected as the most appropriate benchmark since the fund is anticipated to typically have assets invested in emerging and frontier markets, where many other global equity funds and benchmarks do not, the announcement said.  

More about the fund is here.