FORT LAUDERDALE, Fla. -- Templeton Worldwide Inc., a division of Franklin Resources Inc., San Mateo, Calif., is launching six investment strategies for institutional investors that are clones of Franklin and Templeton retail mutual funds.
The four strategies managed by Templeton are: international small-cap equities, managed by Simon Rudolph, Peter Nori and Juan Benito; Latin American equities, run by J. Mark Mobius, Allan Lamb, Tom Wu and Eddie Chow; emerging markets debt, run by Umran Demirors and Alex Calvo; and international developed market equities, which does not yet have a designated management team.
Two strategies are managed by Franklin: small-cap growth equities, run by Ed Jamieson, Mike McCarthy, Aidan O'Connell and Ken Broad; and high-yield bonds, managed by R. Martin Wiskemann and Christopher J. Molumphy.
Five of the strategies are offered both as separate account management for a minimum investment of $20 million and as institutional and adviser share classes within the retail mutual funds.
The sixth, the Latin American equity strategy, has a $30 million minimum and is not offered as an institutional or adviser share within a mutual fund.
The new institutional strategies are the brainchild of W. Denman Zirkle, executive vice president of institutional sales, who joined Templeton about two years ago.
Templeton conducted an internal study of the investment strategies offered in mutual fund form by Franklin and Templeton. With help from Eager Manager Advisory Services Inc., Louisville, Ky., it identified those with "well-defined philosophies, consistent, strong performance and long manager tenure," Mr. Zirkle said.
Templeton Worldwide managed $19.8 billion for 153 separate account clients and $9.4 billion in commingled and mutual funds as of June 30. Of the mutual fund assets, $7.8 billion was managed for defined contribution plan investors.