Templeton Global Growth “recommended” by IIR
Australian listed investment company (LIC), the Templeton Global Growth fund, has been awarded a “recommended” rating by Independent Investment Research (IIR).
The research house said the LIC sought to provide dividends that were not less than three per cent of the NTA as at 30 June for the prior year, and paid out franking credits were possible.
“Fees are low compared to peers, with a one per cent management fee and no performance fee,” they said.
The fund’s investment objective was to achieve long-term capital growth for shareholders, particularly long-term investors and self-managed superannuation fund members, and IIR’s research report stated the fund generated an average rolling annual return of 8.8 per cent compared to the benchmark index (MSCI ACWI, AUD).
The fund’s non-executive chairman, Chris Freeman, said they believed high growth and momentum stocks were most vulnerable in a climate of rising inflation and interest rates, and they remained focused on their value investment philosophy.
AUTHOR
Anastasia Santoreneos
Recommended for you
Grant Hackett has been promoted from CEO of Generation Life to head up the wider Generation Development Group.
Tribeca Investment Partners has made a distribution hire from Australian Ethical in a newly-created role focused on the national intermediary market.
Asset managers may be urged to diversify their product ranges, but investment executives have warned any M&A deal should avoid simply filling gaps and instead consider long-term value creation.
Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equity firm.
