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In November 2021, Franklin Templeton announced its acquisition of Lexington Partners in a $1.75 billion cash deal. The acquisition completed in April 2022. In January 2022, Franklin Templeton acquired O'Shaughnessy Asset Management, an asset management firm founded by James O'Shaughnessy.
Investors were left shaken when Franklin Templeton took the unprecedented decision to wind up six of its debt funds on 23 April 2020. A crippling market dislocation, fed by the onset of the Covid pandemic, had sucked out liquidity from the funds' underlying holdings.
How does a shareholder withdraw money? Sign in to the Franklin Templeton account. On your dashboard find the account you wish to withdraw from. Click on the Sell option and follow the process. The proceeds may then be sent by check to the address on file or electronically to a bank account on file.
The schemes were Franklin India Low Duration Fund, Franklin India Dynamic Accrual Fund, Franklin India Credit Risk Fund, Franklin India Short Term Income Plan, Franklin India Ultra Short Bond Fund, and Franklin India Income Opportunities Fund.
Abrdn Standard Physical Precious Metals Basket Shares ETF As of late 2021, the fund's net assets were approximately 57% gold, 26% silver, 12% palladium, and 4% platinum. The ETF provides broad exposure to a basket of precious metals for a reasonable cost, given its 0.6% expense ratio.
Franklin Templeton Mutual Funds are acclaimed for their excellent research abilities and emphasis on identifying superior investment opportunities. The fund managers conduct a thorough analysis and research to explore potential winners in the market, all aimed at delivering consistent returns over the long haul.