MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, February 28, 2003 Templeton to Re-open Long-Short Fund San Mateo, California-based Franklin Templeton will re-open the Templeton Global Long-Short Fund to new investors on March 1 of this year. "Amid recent market volatility, we have seen a surge of compelling investment opportunities around the globe," said Portfolio Manager Dale Winner. "Re-opening the fund will allow us to take advantage of some of the new long and short opportunities we've identified. He noted that the portfolio is constructed on a stock-by stock basis, and looks for stocks with favorable, or in the case of shorts, unfavorable, risk-reward profiles. Upon reaching $500 million in assets, the fund expects to remain open only to existing shareholders and to new participant accounts in retirement plans and wrap account programs. The fund currently has some $142.3 million in assets. The investment goal remains focused on providing long-term capital appreciation in both up and down markets with less volatility than the overall global stock market. Winner has managed the fund since July of 2001, and he has more than 16 years experience in the investment management industry. Printed from: MFWire.com/story.asp?s=4648 Copyright 2003, InvestmentWires, Inc. All Rights Reserved |