Franklin Templeton Investments, a global investment management organization, has introduced the Mutual International Fund for US investors.
Franklin Templeton said that the Mutual International Fund will use Mutual Series’s deep value investment approach while investing predominantly in securities of non-US companies.
The fund seeks capital appreciation, with income as a secondary goal. It will focus primarily on undervalued securities of large- and mid-capitalization companies and, to a lesser extent, merger arbitrage and distressed securities. The fund’s strategy is to invest primarily in Europe and developed Asia. The construction of the portfolio will be the result of a bottom-up stock selection process.
Philippe Brugere-Trelat, vice president of Mutual Series and co-portfolio manager of the fund, said: We believe that diligent, company-by-company research is critical to finding out-of-favor stocks trading at significant discounts to their intrinsic worth. We also take a business owner’s perspective and are willing to actively press companies for change when we believe it will unlock shareholder value.
Franklin Resources Inc, is a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management services managed by its Franklin, Templeton, Mutual Series, Fiduciary Trust, Darby and Bissett investment teams.
