Franklin Templeton Canada To Merge Funds

Franklin Templeton Investments proposed to merge its two funds to streamline its product offering.

Franklin Templeton Investments proposed to merge its two funds to streamline its product offering. The Bissett Multinational Growth Fund will be merged into the Franklin World Growth Fund, while the Bissett Multinational Growth Corporate Class will be merged into the Franklin World Growth Corporate Class. The mergers are expected to be implemented on June 24, 2011. The move will help Franklin Templeton allocate operational costs across a larger portfolio base and provide the continuing funds with a portfolio of greater value allowing for increased portfolio diversification opportunities.

Click here for the release from Canada Newswire.