Templeton Global Growth “recommended” by IIR

Australian listed investment company (LIC), the Templeton Global Growth fund, has been awarded a “recommended” rating by Independent Investment Research (IIR).

The research house said the LIC sought to provide dividends that were not less than three per cent of the NTA as at 30 June for the prior year, and paid out franking credits were possible.

“Fees are low compared to peers, with a one per cent management fee and no performance fee,” they said.

Related News:

The fund’s investment objective was to achieve long-term capital growth for shareholders, particularly long-term investors and self-managed superannuation fund members, and IIR’s research report stated the fund generated an average rolling annual return of 8.8 per cent compared to the benchmark index (MSCI ACWI, AUD).

The fund’s non-executive chairman, Chris Freeman, said they believed high growth and momentum stocks were most vulnerable in a climate of rising inflation and interest rates, and they remained focused on their value investment philosophy.

Related Content

Global fund reverts to cash

The Peters Macgregor Global Fund, which was down 0.9 per cent in December compared to a 3.6 per cent fall by the index, has announced that it will rev...Read more

Investsmart to miss FM income guidance

Investsmart Group has announced it will not meet funds management income guidance due to the current market environment.The firm said that deteriorati...Read more

Perennial Trust added to IOOF platform

The Perennial Value Microcap Opportunities Trust has been added to the IOOF Pursuit platform.The trust invested in both listed and unlisted companies ...Read more



Add new comment