Franklin Offering Fund That Invests In W. Hemisphere Government Bonds
Franklin Resources Inc. has unveiled a mutual fund that invests in bonds issued by governments and government-affiliated agencies in the Western Hemisphere.
The San Mateo, Calif., mutual fund giant has been a strong player in the international arena. The fund acquired the British fund firm Templeton, Galbraith & Hansberger Ltd. in October 1992.
The Templeton Americas Government Securities Fund is geared toward investors who want a steady stream of income while investing in both established and developing markets. Dividends are paid monthly and capital gains are automatically reinvested at net asset value.
