SOURCE: Franklin Templeton

Franklin Templeton

November 16, 2010 11:00 ET

Franklin Templeton Investments Introduces Eight Mutual Funds to Chilean Market

Company's First Local SICAV Fund Registrations in South America

SANTIAGO, CHILE--(Marketwire - November 16, 2010) - Franklin Templeton today announced that it had publicly registered eight mutual funds(1) in Chile, representing the company's first local SICAV (offshore) fund offerings in South America. The eight funds, which cover equity and fixed income as well as US, global and emerging markets include:

  • FTIF Franklin European Growth Fund
  • FTIF Franklin Mutual Beacon Fund
  • FTIF Franklin Strategic Income Fund
  • FTIF Franklin U.S. Opportunities Fund
  • FTIF Templeton Asian Growth Fund
  • FTIF Templeton BRIC Fund
  • FTIF Templeton Frontier Markets Fund
  • FTIF Templeton Global Total Return Fund

The Franklin Templeton Investment Funds (FTIF) are Luxembourg-registered SICAV open-ended mutual funds available to offshore investors. Since March 2010, Franklin Templeton has had the largest single SICAV umbrella available among global asset managers(2). The eight funds listed above will be distributed through LarrainVial, a multifaceted Chilean financial services company.

Sergio Guerrien, director and country manager, South America for Franklin Templeton, said, "Today's launch of these eight SICAV funds represents a great opportunity for Chilean investors and an important evolution of Franklin Templeton's capabilities in Chile and the Americas. We've been operating in Chile since 1995 and already serve a wide array of institutional clients here and throughout the region. Franklin Templeton is among the top mutual fund providers to the successful Chilean pension system. These eight mutual funds are the first opportunity for Chilean retail investors to tap into a wide range of global investment opportunities managed by Franklin Templeton's distinct Franklin, Templeton and Mutual Series investment platforms."

"We're excited to partner with Franklin Templeton on the launch of these funds in the Chilean marketplace," said Guillermo Undurraga, Director LarrainVial S.A. Corredores de Bolsa. "Franklin Templeton's over 60 years of expertise and leadership as a global asset manager, combined with LarrainVial's strong distribution capabilities in Chile, should greatly benefit Chilean investors seeking to diversify their portfolios internationally."

LarrainVial, established in 1934, is a leading Chilean financial services company, providing an extensive range of services including brokerage, research, asset management, corporate finance and institutional distribution.

Franklin Templeton has been present in Latin America for nearly 20 years. The company opened its first regional office in 1995. Today, we have offices in Rio de Janeiro, Mexico City, Sao Paulo and Buenos Aires. Franklin Templeton mutual funds have been investing in the region since the early 1980s.

Franklin Resources, Inc. (NYSE: BEN) is a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Mutual Series, Fiduciary Trust, Darby and Bissett investment teams. The San Mateo, CA-based company has more than 60 years of investment experience, offices in more than 30 countries, and over USD 664 billion in assets under management as of October 31, 2010. For more information, please visit www.franklintempleton.com.

(1) These eight funds are sub-funds of Franklin Templeton Investment Funds, Luxembourg-domiciled SICAVs. The funds are registered in the Foreign Securities Registry of the Superintendecia de Valores y Seguros, under the NCG 241. For further information, please refer to the latest Full or Simplified Prospectus. Past performance is no guarantee of future performance. This document does not constitute or form part of any offer for shares or an invitation to apply for shares. Subscriptions for shares can only be made on the basis of the latest available audited annual report accompanied by the current prospectus or Simplified Prospectus. The price of the shares of the Funds and the income received from them can go down as well as up, and investors may not get back the full amount invested. Currency fluctuations may affect the value of overseas investment. An investment in the Franklin Templeton Investment Funds SICAV entails risks, which are described in the Full or Simplified Prospectus. No shares of the SICAV may be directly or indirectly offered or sold to nationals or residents of the United States of America.

(2) Lipper FERI.

Copyright © 2010. Franklin Templeton Investments. All rights reserved

Contact Information

  • Contact:
    Franklin Templeton Investments Corporate Communications:
    Sao Paulo:
    Fernanda Marques
    Gaspar & Associates
    + 55-11-3037-3235
    Email Contact

    New York:
    Bill Weeks
    Franklin Templeton
    +1 212-632-3204
    Email Contact