Bowers: growth stocks to lead US out of downturn

Franklin Templeton's US Opps manager confident over long-term performance despite poor six months, believing growth stocks will lead market out of downturn

Franklin Templeton's US Opportunities fund has struggled over the last six months, due to its skew towards out of favour growth stocks, according to manager Grant Bowers. He remains confident in the fund's ability to deliver over the long term, citing his view that growth companies will eventually lead the US out of its current economic downturn. The Sicav has lost 10.3% over six months to 29 February, compared to the peer group average of -7.14%. Its numbers over three and five years are much stronger, with the fund returning 22.22% and 99.05% respectively, significantly higher than ...