Statwatch: Franklin Mutual fund weathers US market storm

The past three years have been turbulent times for US-focused fund managers. North America is on...

The past three years have been turbulent times for US-focused fund managers. North America is one of the worst performing IMA equity sectors, with a basket of 72 funds returning on average just 19.8% bid to bid over the three years to 2 October. Only the Technology & Telecoms sector fares worse over the same timeframe, according to figure from Standard & Poor’s. However, despite the well-documented American economic woes, some fund managers have managed to weather the storms better than others. Peter Langerman’s Franklin Mutual Shares fund celebrated its three-year anniversary last ...