Franklin European Growth - Under Review

FUND RESEARCH UPDATE: Fund rating moved to Under Review

Ruli Viljoen 15 July, 2014 | 8:59PM
Facebook Twitter LinkedIn

Following the announcement by Franklin Templeton Investments that Michael Clements and Claire Manson will be leaving the firm on 1 August 2014, we have placed the fund's Morningstar OBSR Analyst Rating™ Under Review. The fund previously held a Bronze rating. Mr Clements has been a key driver of the fund's success in recent years and we view his departure as a loss to the fund and his team. Uwe Zoellner, head of the Franklin European equity team, will assume responsibility for the fund on 15 July 2014 and will be supported by portfolio manager Robert Mazzuoli. Mr Zoellner has headed up the team for the last six years and has been with the firm since 2001. We will meet with Mr Zoellner in due course to understand his plans for the fund.

See the latest Morningstar OBSR fund rating news here.

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Facebook Twitter LinkedIn

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Templeton European Opps A(acc)EUR14.58 EUR-0.44Rating

About Author

Ruli Viljoen

Ruli Viljoen  is Head of Manager Selection, Morningstar UK

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures