The term global is a tempting buzzword in the minds of investors these days, but Franklin Templeton Distributors is keeping its feet firmly planted on the ground with the Franklin World Perspectives Fund, launched on Monday.

The actively managed, growth equity fund will tap into the expertise of the firm’s global network of local asset management teams. The idea is to develop local portfolios of securities that seek to outperform the relevant markets of each region, and to combine them into a broadly diversified global fund.

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