Based in Melbourne, Australia, Balanced Equity Management is an equity manager with more than 20 years of experience in managing Australian equity strategies on behalf of Australian superannuation and other institutional clients.
Balanced Equity Management employs a fundamental value approach and internal bottom-up analysis with a focus on environmental, social and governance (ESG) considerations as well as after-tax benefits for clients, with a team of nine investment professionals.
Franklin Resources CEO Greg Johnson said this acquisition is an excellent strategic fit for the company as it work to build the best investment capabilities in markets such as Australia, where local asset management expertise is important to meeting local investors’ needs.
The purchase price of the transaction was disclosed. The acquisition is expected to be completed in early July.
Franklin Resources is a global investment management organization operating as Franklin Templeton Investments.
