Franklin Templeton has opted to close its FTF - Franklin Mutual Shares and European Opportunities funds, which have seen assets fall to unsustainable levels.
The firm said in a statement that it was "no longer in the best interest of investors" to continue to run the UK-domiciled OEICs, which will officially close on 31 January. Franklin Templeton takes Embark stake amid UK retirement expansion plans Mutual Shares, which is co-managed by Debbie Turner and Peter Langerman, and invests in US equities and debt securities, has seen its AUM fall below £6m as of the end of 2019, down from a peak of more than £11m in February 2017, according to FE fundinfo. It has returned 16.4%, 11% and 56% over one, three and five years respectively, placing...
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