Category Investments

Franklin Templeton Dominates Top Offshore Fund Performers

04 February 2008 Franklin Templeton Investments

In a recent Sunday Times survey, four Franklin Templeton unit trust funds were rated in the top ten performers over a five year period to 31 December 2007.

Best performer was the Templeton Latin America fund which rewarded investors with a 41,47% average annual growth rate in Rands over the five year period.

Third place was the Templeton Eastern Europe fund with an annual compound return of 33,59%. The Templeton Asia Growth Fund, in fifth position, returned 31,39%, and an annual return of 27,96% earned the Templeton China fund ninth place.

All of these funds aim to achieve long-term capital appreciation and adopt the value approach to investing. Value-oriented funds seek out undervalued securities with long-term potential that are temporarily out of favour in the market, as reflected in unusually low price/earnings ratios.

These four highly rated top-performers are all lead-managed by emerging markets expert, Dr Mark Mobius, who uses a bottom-up investment process, which concentrates on analysing individual companies according to intrinsic strengths and weaknesses and de-emphasises the significance of economic and market cycles. Emerging markets is a specialty of Franklin Templeton, which has five decades of success in this area.

The top-performing Templeton Latin America fund invests in equities of companies incorporated in or who have their principal business activities in the Latin American region. Most of the holdings lean towards Brazil, at 60% of the portfolio, with 24% invested in Mexico.

Michael King, Franklin Templeton Regional Head – Africa, says it is quite an achievement to have four Templeton funds in the top ten. “We remain committed to providing South African investors with the broadest possible choice of top performing funds, within all asset classes. We intend to register additional funds beyond our recently enhanced range of 40 funds, supported by local operations, portfolio management and sales support. “

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