Franklin Templeton Australia reduces fees across a range of funds

In a bid to deliver better outcomes for investors, Franklin Templeton Australia is reducing management fees across a number of its retail and institutional funds*, including the Franklin Australian Absolute Return Bond Fund and the Franklin Global Growth Fund, effective 1 July 2020.

Matthew Harrison, Managing Director, Franklin Templeton Australia and New Zealand, said the reductions in management fees unlocked additional value for its clients, at an already challenging time.

“Now more than ever we are focused on the value of the strong partnerships we have with our clients and these fee reductions reflect our continual goal and commitment to deliver on these relationships,” he said.

The reductions across Franklin Templeton’s retail funds (W Class) include:

 

 

“In addition to the focus on fees, over the past 12 months Australian financial advisers have faced mounting cost pressures amid an increasingly complex environment. We are continually looking at ways to strengthen our partnerships with financial advisers and by reducing our management fees on these funds we will better enable advice practices to form deeper relationships with their clients,” Mr Harrison said.

Franklin Templeton has also made a number of its institutional funds available to managed account structures through a Product Disclosure Statement in response to increasing demand. These funds include the Franklin Global Growth Fund (I Class), Franklin Australian Absolute Return Bond Fund (I Class) and Franklin Templeton Global Aggregate Bond Fund (I Class).

“We remain focused on providing investors with affordable access to our strategies. As the market evolves and the industry continues to tackle costs, it is critical for our strategies to remain competitive,” Mr Harrison said.

The changes in pricing are effective Wednesday 1 July 2020 for existing and new unitholders.

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