Franklin Templeton has launched the Franklin Templeton Global Allocation Fund, which will take a tactical asset allocation approach and consistently adjust its allocations to a widely diversified portfolio of equities, fixed income, cash and derivatives.
The fund’s weightings will be influenced by changes to asset classes, geographic regions, currencies and market sectors.
“With increasingly complex global markets posing new challenges daily, it’s our view that a systematic approach to monitoring and adjusting portfolio allocations across asset classes with a forward-looking view on market and economic conditions is no longer an option—it’s a necessity,” said Brent Smith, chief investment officer for the Franklin Templeton Multi-Asset Strategies group. “Combining our tactical asset allocation approach with underlying investment strategies leveraging the expertise of the Franklin, Templeton and Mutual Series investment teams presents investors with an attractive core allocation option for their portfolios.”
Samer Habl, co-portfolio manager of the fund, said he will take both a bottom-up and top-down approach to fundamentals. “We look to identify attractive investment opportunities on a relative basis among asset classes, countries and currencies.”