Franklin Templeton global strategy added to Netwealth


Netwealth has added the Franklin Concentrated Global Equity Ex-Australia portfolio, a separately managed account (SMA), to its managed account service.
Under the arrangement, Franklin Templeton will select a concentrated portfolio of typically around 20 international stocks, and investors can own the underlying stocks in the strategy by investing via the managed account.
The Franklin Templeton global equities managed account portfolio is a long-only, high conviction portfolio with the ability to invest in companies across the market capitalisation spectrum and employs fundamental bottom-up stock analysis to identify and select quality growth companies.
Matthew Harrison, managing director, Franklin Templeton Investments Australia, said that Australian investors have a growing desire to invest internationally, and demand for high-performing, global and mid-cap equity strategies continues to grow.
“We are excited to have the Franklin Global Equity managed account portfolio added to Netwealth, offering investors the opportunity to tap into some of the world’s most forward-thinking companies,” he said.
“The portfolio includes businesses that have solid growth prospects, strong management teams, and a sustainable competitive advantage. It includes well-known companies such as VISA and Salesforce, but also mid-sized companies believed to offer not only solid growth prospects and well-established competitive advantages, but also meet the investment team’s strict quality and valuation metrics.”
Netwealth managing director Matt Heine said the strategy allows Australian investors to invest in global companies, with the ability to directly own and include these companies in their portfolio.
“Franklin Templeton has a strong track record of managing international investments, and we are excited to collaborate in providing a new and compelling offering to Australian investors,” Heine said.
Recommended for you
The alternative investment manager has signalled its intentions to repackage an existing fund into a second private equity vehicle, targeting both listed and unlisted opportunities.
The acquisition of Mason Stevens by Adamantem Capital has reached completion, as the wealth platform looks to increase investment into its services for Australian wealth practices.
Platinum Asset Management and VanEck have both announced name changes to multiple of their ETFs to clarify their complexity.
Active ETFs are gaining traction in Asia-Pacific as wealth managers seek to blend the low-cost fees of passive with active management.