Franklin Templeton's Morton: IA rule changes make UK equity income funds 'less explainable' to clients
Sector rules changed in March
May’s capacity to deliver Brexit at stake
UK equity income continues to look relatively attractive in a world of low interest rates and low bond yields.
Replaces Ian Wilkins
Set to benefit financials
Soft-closed in 2013
Investors will lean to traditionally defensive assets
New lead managers named on funds
With significant political decisions undertaken during 2016 on both sides of the Atlantic, 2017 now becomes a year of execution, writes Ben Russon, portfolio manager of the Franklin UK Opportunities fund.
Franklin Templeton and Invesco have lost their spots in the list of the top ten largest fund groups by assets under management in European-domiciled funds in 2016.
Corporate Bond and Gilt funds
CEO paid $3.3m bonus for 2016
Luxembourg launch on 16 December
Co-managed by Mark Mobius
Risk being removed from Stewardship Code
Launch date set for 25 November
Benchmark unconstrained approach
Will pursue other opportunities
Latest figures from Morningstar
Funds to Watch: Franklin UK Rising Dividends fund
Effective from 1 July
'Short-term pain for long-term gain'
Global commodity slump also weakens outlook
Will remain as portfolio manager