Franklin Templeton merging Canadian fund

Franklin Templeton Investments plans to merge the Wellington West Franklin Templeton Balanced Retirement Income Fund into the Quotential Balanced Growth Portfolio, effective June 22, 2012. Unitholders of the terminating fund will receive Series A securities of the continuing fund on a dollar-for-dollar basis. All costs associated with the termination will be borne by Franklin Templeton.

By Staff | June 15, 2012 | Last updated on June 15, 2012

1 min read

Franklin Templeton Investments plans to merge the Wellington West Franklin Templeton Balanced Retirement Income Fund into the Quotential Balanced Growth Portfolio, effective June 22, 2012.

Unitholders of the terminating fund will receive Series A securities of the continuing fund on a dollar-for-dollar basis.

All costs associated with the termination will be borne by Franklin Templeton.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.

Ontario DB plan solvency ratios remained stable in Q4

Tech roundup: Toronto wealthtech launches AI operating system

Big banks boast strong first quarter: Fitch