Franklin Templeton Investments has made its small-cap growth fund available to retail investors.
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The Franklin International Small Cap Growth Fund had been available only to institutional investors since it was launched in 2002. The change was announced last week.
The fund seeks long-term capital appreciation by investing in equity securities of international companies with market capitalizations of $2 billion or less. It invests at least 80% of its assets in a diversified portfolio of marketable equity and equity-related securities of such companies.
Franklin Templeton, a San Mateo, Calif., unit of Franklin Resources Inc., had $617 billion of assets under management as of April 30.
