This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Franklin Templeton Investments Proposes Changes For Two Bissett Balanced Fund Mandates

TORONTO, Feb. 20, 2013 /CNW/ - Franklin Templeton Investments Corp. today announced proposed changes to the investment objectives of Bissett Focus Balanced Fund and Bissett Focus Balanced Corporate Class, which will be voted on at special meetings of securityholders on or about April 22, 2013 in Toronto. The new investment objectives of the funds will provide investors access to a diversified mix of Canadian equities across market capitalizations. The equity investments will be complemented by Canadian and global fixed income opportunities across multiple sectors, which will help reduce portfolio volatility and enhance risk-adjusted returns.

Franklin Templeton's Calgary-based Bissett Investment Management team provides investors with strong expertise across market capitalizations and the yield spectrum. The balanced fund will be co-managed by four of Bissett's Canadian equity and fixed income experts. Garey Aitken, chief investment officer and co-lead manager of Bissett Canadian Equity Fund, and Ralph Lindenblatt, co-lead manager of Bissett Small Cap Fund, will oversee the funds' equity holdings; while Tom O'Gorman, director of fixed income and co-lead manager of Bissett Bond Fund, and Darcy Briggs, co-lead manager of Bissett Canadian Short Term Bond Fund, will be in charge of the funds' fixed income holdings.

Proposed investment objectives, names and management fees

If securityholders approve the proposed changes to the investment objectives of Bissett Focus Balanced Fund and Bissett Focus Balanced Corporate Class, the funds' names will also be changed and management fees reduced on or about May 13, 2013.

If approved, Bissett Focus Balanced Fund will change its investment objective to seek a balance of current income and long-term capital appreciation by investing primarily in a diversified portfolio of Canadian equity and fixed income securities, and to a lesser degree, in fixed income securities issued around the world. This marks a broadening of the fund's objective to a multi-cap, multi-sector approach that is backed by Bissett's investment team, which has a strong track record of absolute, relative and risk-adjusted returns. If the change in objective is approved, the fund's name will be changed to Franklin Bissett Canadian All Cap Balanced Fund and management fees for Series A, F, I and T of the fund will be reduced.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,979.13 +59.54 0.35%
S&P 500 1,986.51 +4.91 0.25%
NASDAQ 4,526.4820 -1.0320 -0.02%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs