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Category:
Insurance
News /
Investments / Franklin Templeton
/ February 2007
Franklin Templeton takes Raging Bull Award
Best Offshore
General Equity Fund
The Mutual Beacon Fund managed by Franklin Templeton Investments won
the coveted Raging Bull Award for the best performing offshore fund
in the Offshore US General Equity category in South Africa in 2007
at the award’s ceremony on wednesday night.
 Franklin
Templeton’s Mutual Beacon Fund, the China Fund and the Asian Growth
Fund were also among the top performing offshore funds for SA
investors during the past year.
This brings to six the number of Raging Bull awards won by the
global investment house. In 2004 the Templeton Global Fund and the
Templeton Euroland Fund were winners, followed by the Franklin
Aggressive Growth Fund and the Asian Growth Fund in 2005.
Country head of Franklin Templeton in South Africa, Michael King,
said that it would be advancing its fund range in SA during 2007.
King also re-affirmed the groups’ commitment to providing
sustainable fund performance through rigorous stock selection and
active deep value company research globally.
In 2006 the Franklin Mutual Benefit fund achieved a one-year all-in
return of 18,29 % for investors, exceeding the S&P 500 Index which
appreciated by 15.35 %. More impressively, this fund yielded returns
of 42.52 % over three years and 53.34 % over five years. The AA S&P
Fund Management Rating further underscores the strength and
sustainability of this Fund.
The firm has over $550 bn in assets under management world-wide and
over 400 portfolio managers located in various markets in which
clients assets have exposure.
King confirmed that: “The rand was strong from December 2001 through
to May 2006, leading many SA investors to neglect foreign exposure.
The sell-off in emerging market currencies and shares in May and
June was a reminder to South Africans that it is at the top of a
bull market that one needs to cover oneself.
The rand’s weakening and the JSE’s jitters last May led many
investors to hedge into foreign-based funds. SA investors
appreciated in a new way that it is wise not to have all their funds
in one market and one currency.”
Source: ITInews – Insurance
Times and Investments Online
www.itinews.co.za
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