TORONTO, Feb. 4, 2021 /CNW/ - Franklin Templeton
Canada today announced the launch of Franklin Innovation Fund and
Franklin Innovation Active ETF (FINO), which actively invest in
companies that are leaders in innovation, take advantage of new
technologies and benefit from new industry conditions in the
dynamically changing global economy.
"As innovation continues to drive wealth creation in the
economy, our innovation funds use active management to navigate the
complexities of investing in emerging breakthroughs and
technologies," said Duane Green,
president and CEO, Franklin Templeton
Canada. "Leveraging the more than 50-year history of this
strategy and the strong investment success of portfolio manager
Matthew Moberg and the Franklin
Equity Group based near Silicon Valley, Canadian investors can now
access this innovation investment expertise in an ETF or mutual
fund."
Moberg, CPA, has been a portfolio manager of the US$20 billion US-registered Franklin DynaTech
Fund for the past 16 years – which was the firm's top selling fund
in the US in 2020 – and he also manages innovation funds for global
investors. He 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.
"Rapid change and significant breakthroughs are occurring in key
areas, including global e-commerce, genomics, intelligent machines,
finance and exponential data," said Moberg, senior vice president
and portfolio manager, Franklin Equity Group, who manages the new
funds. "Comprehensive research and active management are key
factors in identifying and investing in technologies and ideas that
we believe are poised to generate economic value and growth
potential for our investors, in the near future and beyond."
FINO, listed on the Toronto Stock Exchange (TSX), invests
substantially all of its assets in securities of Franklin
Innovation Fund. It is the latest addition to Franklin Templeton's diverse and innovative ETF
platform, which was built to provide better client outcomes for a
range of market conditions and investment opportunities. The
product suite offers active, smart beta and passive ETFs that span
multiple asset classes and geographies.
About Franklin
Templeton
Franklin Templeton Investments Corp. (known
as Franklin Templeton Canada) is a
subsidiary of Franklin Resources, Inc. [NYSE:BEN], a global
investment management organization with subsidiaries operating as
Franklin Templeton and serving
clients in over 165 countries. Franklin
Templeton's mission is to help clients achieve better
outcomes through investment management expertise, wealth management
and technology solutions. Through its specialist investment
managers, the company brings extensive capabilities in equity,
fixed income, multi-asset solutions and alternatives. With offices
in more than 30 countries and approximately 1,300 investment
professionals, the California-based company has over 70 years of
investment experience and approximately US$1.5 trillion (approximately CA$1.9 trillion)
in assets under management as of December
31, 2020. For more information, please visit
franklintempleton.ca and connect with Franklin Templeton on
Twitter, Facebook and LinkedIn, and read the Beyond Bulls
& Bears blog.
Commissions, trailing commissions, management fees and
expenses all may be associated with mutual fund investments. Please
read the prospectus or fund facts document before investing. Mutual
funds are not guaranteed, their values change frequently, and past
performance may not be repeated.
Commissions, management fees and expenses all may be
associated with investments in ETFs. Investors should carefully
consider an ETF's investment objectives and strategies, risks, fees
and expenses before investing. The prospectus and ETF facts contain
this and other information. Please read the prospectus and ETF
facts carefully before investing. ETFs trade like stocks, fluctuate
in market value and may trade at prices above or below the ETF's
net asset value. Brokerage commissions and ETF expenses will reduce
returns. ETFs are not guaranteed, their values
change frequently, and past performance may not be
repeated.
Copyright © 2021. Franklin Templeton. All rights
reserved.
SOURCE Franklin Templeton Investments Corp.
