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
Magellan fund manager Arvid Streimann has resigned after an investigation into allegations he had a workplace relationship with a junior employee.
Clime Investment Management has sold a portion of its retail client book to an external financial planning practice for $1.6 million in its latest cost-out move.
In his inaugural address as L1 Group chief executive, Julian Russell has outlined his vision and priorities for the newly-merged $16.7 billion business but warned fund outflows will continue for 18 months.
Ten Cap has announced it will launch its first active ETF on the ASX later this month, expanding retail access to its flagship Australian equities strategy.
