FTI introduces currency-hedged series

Franklin Templeton Investments Corp. today announced the introduction of Templeton Growth Fund, Ltd. Series A (Hedged) for Canadian investors looking to minimize the effects of changing currency valuations on their global equity holdings.

The new hedged series seeks to provide long-term capital appreciation, while reducing the potential effects of exchange rate fluctuations between the Canadian dollar and global currencies by investing in forward contracts.

A mechanical hedge will be applied on currencies that represent a material exposure in the portfolio. It is expected that the independent hedging will help the investment returns be more reflective of the portfolio manager’s investment process, philosophy and security selection.

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Staff

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