In line with its pricing changes implemented at earlier this year, Franklin Templeton Investments Corp. has introduced Series M. It offers Canadian investors a new option for high net worth pricing in a fee-based model. This new fee-for-service series offers preferred pricing for a selection of mutual funds across a range of asset classes.
“We are very excited to launch Series M for Canadian investors, as many are increasingly opting to transition to a fee-based relationship with their advisor,” says Philip Bensen, head of National Sales – Canada for Franklin Templeton Investments. “Series M offers further fee reductions relative to our existing fee-for-service Series F.”
At a minimum investment threshold of $100,000 based on total household assets, Series M gives advisors and their clients a way to build portfolios from 13 investment options, covering a variety of asset classes.
The following funds are available in Series M:
|Franklin Bissett Corporate Bond Fund||0.45%||0.15%|
|Templeton Global Bond Fund||0.65%||0.22%|
|Franklin Quotential Diversified Income Corporate Class Portfolio||0.63%||0.17%|
|Franklin Quotential Balanced Growth Corporate Class Portfolio||0.65%||0.24%|
|Franklin Bissett Canadian Balanced Corporate Class||0.60%||0.19%|
|Franklin Bissett Dividend Income Corporate Class||0.70%||0.16%|
|Templeton Global Balanced Fund||0.65%||0.23%|
|Franklin Bissett Canadian Equity Corporate Class||0.65%||0.23%|
|Franklin Bissett Canadian High Dividend Corporate Class||0.75%||0.25%|
|Franklin U.S. Rising Dividends Corporate Class||0.65%||0.28%|
|Franklin Global Small-Mid Cap Fund||0.75%||0.30%|
|Templeton Growth Corporate Class||0.60%||0.35%|
|Franklin Mutual Global Discovery Corporate Class||0.75%||0.33%|
The Series M fund line-up includes the newly launched Franklin Global Small-Mid Cap Fund, which seeks to capitalize on theaverage capital gain potential of small- and mid-cap global companies in developed countries around the world.