Franklin Templeton Distributors Inc.'s Franklin International Equity Fund has changed its name and investment focus.

The fund's new name is Templeton Foreign Smaller Companies Fund. Its investment strategy will move away from larger capitalization equity securities to smaller capitalization equity securities. The fund's investment objective will still be long-term growth.

"International small cap stocks generally receive less analyst attention, which may increase our chances of finding undervalued opportunities," Marc Joseph, the fund's portfolio manager, said in a statement.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.