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Franklin Templeton Investments Corp. is now offering the Franklin K2 Alternative Strategies Fund to accredited Canadian retail investors. Previously available only to Canadian institutional investors, this multi-manager, liquid alternative strategy provides access to hedge fund managers.

With its diversified portfolio of hedge strategies, the fund seeks to provide attractive risk-adjusted returns with reduced portfolio volatility and lower correlations to traditional asset classes.

Read: Liquid alts: hyped up or helpful?

The fund “provides a unique approach among hedge fund structures available in Canada,” says Duane Green, managing director at Franklin Templeton Investments in Canada, “including offering a lower flat fee relative to the norm for hedge fund pricing, as well as daily liquidity and sub-advisor transparency.”

The fund invests substantially all of its assets in the underlying FTIF Franklin K2 Alternative Strategies Fund.

Read: Know the limits in CSA’s alternatives proposal

The portfolio management team dynamically allocates the fund’s assets across multiple unaffiliated managers who pursue hedged strategies, including event driven, global macro, long-short equity and relative value. Each of these sub-advisors in turn invests across a range of securities, which may include, but are not limited to, equity and equity-related securities, debt securities, financial derivative instruments and exchange-traded notes.

Read: Clients interested in alts? Here’s how to use them

Originally published on Advisor.ca
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