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Franklin Templeton Investments Canada introduces five-year increments to Franklin LifeSmart® target date line-up in Canada

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Franklin Templeton Investments Canada introduces five-year increments to Franklin LifeSmart® target date line-up in Canada

Canada NewsWire

TORONTO, Aug. 16, 2018 /CNW/ - Franklin Templeton Investments Canada has expanded its Franklin LifeSmart retirement offerings with four new funds, managed by Franklin Templeton Multi-Asset Solutions, to provide Canadian plan sponsors with a target date fund line-up now covering five-year increments—ranging from 2020 to 2055—for their employee workplace savings plans.

"As employee workplace savings plans continue to grow in popularity across Canada, demand for target date funds is particularly strong," said Duane Green, president and CEO of Franklin Templeton Investments Canada. "First launched in 2007, our Franklin LifeSmart Portfolio line-up is being refined to best meet the evolving needs and preferences of consultants, gate keepers, plan sponsors and their plan participants."

The new Franklin LifeSmart Portfolios, covering 2025, 2035, 2045 and 2055, will be added to the current line-up of 2020, 2030, 2040 and 2050 funds.

"We've been in the target date fund business for 11 years in Canada and the expansion of our product line-up showcases our ongoing commitment to providing clients with diverse retirement offerings capable of meeting plan members' retirement needs," said Matthew Williams, head of Institutional and Client Service for Franklin Templeton Investments Canada.

Franklin LifeSmart Portfolios are a suite of multi-asset, target date funds that are available to group RRSP service providers and pension plan sponsors. These actively managed funds are offered through group savings platforms. Franklin LifeSmart Portfolios target retirement dates in five-year increments and offer investors diversification of asset classes by investing in underlying funds. The funds are managed so that the asset allocation gradually becomes more conservative over time as the target date of each fund approaches.

Franklin Templeton Multi-Asset Solutions (FTMAS), with over 65 years of multi-asset investing experience, translates a wide variety of investor goals into portfolios powered by Franklin Templeton's best thinking around the globe. The hallmark of the team's approach is a central forum – the Investment Strategy and Research Committee – which generates a top-down view across asset classes and regions, and connects and synthesizes the bottom-up sector and regional insights of the global investment teams at Franklin Templeton. The team features more than 55 multi-asset investment professionals, specializing in strategic asset allocation and tactical positioning, fundamental and quantitative research, active integration and risk management. The platform had more than US$120 billion (C$158 billion) in assets under management as of June 30, 2018, and its global reach includes investment offices in Edinburgh, Frankfurt, Hong Kong, Hyderabad, London, Milan, Mumbai, New York, San Mateo, Singapore and Toronto. In Canada, FTMAS is part of Fiduciary Trust Company of Canada, a wholly-owned subsidiary of Franklin Templeton Investments Corp.

About Franklin Templeton Investments
Franklin Templeton Investments Corp. (known as Franklin Templeton Investments Canada) is a subsidiary of Franklin Resources, Inc. (NYSE:BEN). Franklin Resources, Inc. is a global investment management organization operating as Franklin Templeton Investments, which provides global and domestic investment management to retail, institutional and sovereign wealth clients in over 170 countries. Through specialized teams, the company has expertise across all asset classes – including equity, fixed income, alternative and custom solutions. The company's more than 650 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With offices in over 30 countries, the California-based company has 70 years of investment experience and over US$733 billion (C$954 billion) in assets under management as of July 31, 2018. For more information, please visit franklintempleton.ca.                                   

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Copyright © 2018. Franklin Templeton Investments. All rights reserved.

SOURCE Franklin Templeton Investments Corp.

View original content: http://www.newswire.ca/en/releases/archive/August2018/16/c8331.html

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