Franklin Templeton is set to close its Global Long-Term Unconstrained Fund due to insufficient assets under management.
The fund was launched in 2015 but assets stand at just $30 million as of 30 November.
It seeks to provide capital appreciation through investing in global equities ex Australia and is unhedged, managed by portfolio managers Jonathan Regan and Sam Cottrell.
The fund was previously known as the Martin Currie Global Long-Term Unconstrained fund until September 2025 when it was renamed following a rebranding exercise after the completion of the Martin Currie global integration.
Acquired in 2020, Martin Currie had operated as an independent specialist asset manager with some US$18 billion in assets under management (AUM), as at January 2025.
Over three years to 30 November, the fund has returned 10.8 per cent versus returns of 19.6 per cent by its MSCI ACWI (ex-Australia) benchmark.
A note for investors said: “FTAL has considered the current assets under management and the anticipated likelihood of growing the fund’s AUM in the near term and has determined that it is in the best interests of all unitholders to wind up the fund in an orderly manner and return the proceeds to investors.”
The process to wind up the fund will be completed in December 2025 and the final net proceeds will be paid in subsequent weeks.
Franklin Templeton has been active with changes to its fund ranges in recent months with several being closed or renamed.
In September, it announced it would close its $12.4 million Australian Core Plus Bond Fund, just four months after the closure of the $7 million ClearBridge RARE Emerging Markets Fund and $21.8 million Martin Currie Property Securities Fund in May.
It also enacted a review of its fixed income fund range which saw changes announced across 15 funds including investment objective changes, management fee reductions, updated investment guidelines and name changes.
When it comes to changes, the $145 million Brandywine Global Income Optimiser Fund’s name changed to the Global Dynamic Bond Fund from 9 October and has a new investment objective to focus on income and capital appreciation.
The benchmark on the $141 million Global Opportunistic Fixed Income Fund also moved from the FTSE World Government Bond Index (Hedged to AUD) to the Bloomberg Global Aggregate Index (Hedged to AUD).
