Franklin Templeton Launches Franklin Focused Growth Fund for US Investors
February 24 2020 - 8:00AM
Business Wire
Franklin Templeton today announced the introduction of Franklin
Focused Growth Fund, which seeks capital appreciation by investing
in a concentrated portfolio of approximately 20 to 50 growth stocks
that the investment manager believes show favorable growth, quality
and valuation characteristics versus the broader market. The fund
is managed by San Mateo, California-based portfolio manager,
Matthew Moberg. This launch brings to market a fund with an
established track record; the Advisor share class initially funded
in April 2016.
Franklin Focused Growth Fund seeks to invest predominantly in
equity securities of companies that the investment manager believes
offer compelling growth opportunities. Moberg employs a research
driven, bottom-up fundamental approach to seek to identify
investment opportunities in financially strong companies with
favorable growth potential and sustainable competitive
advantages.
“Fundamental research, focused on a long-term view of duration
and pace of growth, drive our idea generation. We consider many
factors when selecting investments, including a company’s strategic
positioning in its industry, its historical and potential growth in
free cash flow, and an assessment of the strength and quality of
management,” said Moberg, senior vice president and portfolio
manager with Franklin Equity Group.
Within this conviction-weighted portfolio, large allocations to
growth-oriented sectors such as technology, health care and
consumer discretionary are likely. The equity securities in which
the fund invests will be predominantly common stock. While the fund
primarily invests in large cap companies, it may also invest in
small- and mid-capitalization companies. In addition to the fund’s
main investments, it may invest a portion (up to 25 percent) of its
net assets in foreign equity securities, including those located in
emerging markets.
Moberg has 22 years of industry experience and 16 years managing
growth funds, including Franklin DynaTech Fund. Moberg draws upon
the in-depth resources of Franklin Equity Group, which includes
more than 50 investment professionals, supporting the research and
portfolio management of US, global and sector equity
portfolios.
About Franklin Templeton
Franklin Resources, Inc. [NYSE:BEN] is a global investment
management organization operating as Franklin Templeton. Franklin
Templeton’s goal is to deliver better outcomes by providing global
and domestic investment management to retail, institutional and
sovereign wealth clients in over 170 countries. Through specialized
teams, the company has expertise across all asset classes,
including equity, fixed income, alternatives and custom multi-asset
solutions. The company’s more than 600 investment professionals are
supported by its integrated, worldwide team of risk management
professionals and global trading desk network. With employees in
over 30 countries, the California-based company has more than 70
years of investment experience and approximately $688 billion in
assets under management as of January 31, 2020. For more
information, please visit franklintempleton.com.
Connect with Franklin Templeton on Twitter, Facebook and
LinkedIn, and read the Beyond Bulls & Bears blog featuring
perspectives from Franklin Templeton investment professionals
around the world.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200224005517/en/
Franklin Templeton Corporate Communications: Rebecca Radosevich,
(212) 632-3207, rebecca.radosevich@franklintempleton.com Prosek
Partners: Kate Dillon, (646) 818-9115, kdillon@prosek.com
Franklin Resources (NYSE:BEN)
Historical Stock Chart
From Apr 2024 to May 2024
Franklin Resources (NYSE:BEN)
Historical Stock Chart
From May 2023 to May 2024