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Regulation forces Franklin Templeton to soft close £10bn fund
by Emily Blewett on Oct 25, 2013 at 14:33
The Templeton Growth Fund was originally made available to German investors in 1982. Since this date Franklin Templeton has launched a number of Ucits-compliant funds for distribution in Germany.
This includes the Templeton Growth (Euro) Fund , which is managed by the same team as the Templeton Growth Fund. It follows the same investment strategy and has a large number of the same stocks.
The Luxembourg-domiciled Templeton Growth (Euro) Fund remains open to German and European investors and currently has €5.78 billion in assets under management.
Reinhard Berben, managing director of Franklin Templeton in Germany, said: ‘With the launch of the SICAV version of the fund 13 years ago, German investors can still invest in a fund with the same time tested strategy and portfolio management team.’
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