Franklin Templeton Distributors of San Mateo, Calif., introduced the Franklin Large Cap Growth Fund June 7. The fund invests in companies with market capitalizations of $8.5 billion or more, for long-term capital appreciation. The fund will aim to invest in companies that will have revenue growth in excess of the overall economy, either through above-average industry expansion or market share gains, according to Terri Spath, portfolio manager.
The company also plans to introduce a new aggressive growth fund later this month, said Greg Johnson, president of Franklin Templeton Distributors.
