Franklin Templeton launches fund

Franklin Templeton Investments (India) is launching a new open end fund of fund called FT India Feeder - Franklin US Opportunities Fund (FTIF - FUSOF) which will invest into the Luxembourg-domiciled Franklin US Opportunities Fund (master fund).

In turn, the Luxembourg-domiciled fund invests in US based companies across sectors and market capitalisation range. Launched in 2000, the master fund invests principally in US companies that demonstrate accelerating growth, increasing profitability, or above-average growth or growth potential relative to the overall economy. The new fund offer will be open from January 17 to 31, 2012 during which units will be available at Rs.10 per unit.

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