Franklin Templeton cuts fees on six funds



Franklin Templeton will cut management fees on six of its funds from 1 July, 2020, in order to ‘deliver better outcomes for investors’ at a challenging time in markets.
The six funds affected by the change were Global Growth, Global Equity, Australian Absolute Return Bond, Global Aggregate Bond, Multisector Bond and Australian Core Plus Bond.
In the case of the Australian Core Plus Bond fund, management fees would reach as low as 0.35%.
Matthew Harrison, managing director for Franklin Templeton Australia and New Zealand, said the reduction would help clients during a difficult time in markets.
“Now more than ever we are focused on the value of the strong partnerships we have with our clients and these fee reductions reflect our continual goal and commitment to deliver on these relationships,” he said.
“In addition to the focus on fees, over the past 12 months Australian financial advisers have faced mounting cost pressures amid an increasingly complex environment. We are continually looking at ways to strengthen our partnerships with financial advisers and by reducing our management fees on these funds we will better enable advice practices to form deeper relationships with their clients.”
Fund Name |
Old Management Cost |
New Management Cost |
Franklin Global Growth Fund (W Class) |
1.13% |
0.90% |
Franklin Australian Absolute Return Bond Fund (W Class) |
0.65% |
0.50% |
Franklin Templeton Global Aggregate Bond Fund (W Class) |
0.59% |
0.54% |
Franklin Templeton Multisector Bond Fund (W Class) |
0.93% |
0.85% |
Templeton Global Equity Fund (W Class) |
1.13% |
0.95% |
Franklin Australian Core Plus Bond Fund (W Class) |
0.43% |
0.35% |
Recommended for you
First Sentier Investors chief executive, Mark Steinberg, is set to depart the asset manager after seven years.
Metrics Credit Partners has completed the acquisition of Taurus Finance Group and BC Investment Group as it looks to launch consumer lending arm Navalo.
AMP has announced to the ASX that it is being sued by property fund manager Dexus regarding the sale of its real estate and domestic infrastructure equity business.
Having seen inflows of US$5.6 billion to its fixed income funds in the last quarter, Janus Henderson has closed on a deal with life insurer Guardian to secure funds to boost its product development.