Templeton Global Equity Fund
Fund objective
The Templeton Global Equity Fund seeks long term
capital growth from a diversified portfolio, investing in equity
markets around the world.
This results in an actively managed portfolio of some of the best global "bargain" stocks, capable of consistently adding value over time.
The fund is unconstrained against its benchmark.
Templeton's industry recognition has been built upon a philosophy that seeks value in all corners of the world using a global industry focus and long-term investment.
Why global investing?
"It just stands to reason that if you're looking all over the world, you will find better bargains than if you're looking in only one nation". Sir John Templeton, 1985 Templeton Growth Fund Report
By limiting your investment choices to just one country, you also limit your opportunities. Diversifying your portfolio will help you put into practice the old adage, "Don't put all your eggs in one basket."
Because overseas markets have historically experienced different economic cycles than the Australian market, adding foreign stocks to your domestic portfolio can help provide a buffer when the Australian economy slows down. Please remember past performance does not guarantee future results.
Templeton's 60 year record of global investing is based on the premise that there are more opportunities to find bargains globally than in only one country.
Investing globally also provides access to a considerable number of investment opportunities that aren't necessarily available in only one market. For example, the Templeton Global Equity Fund also allows for an exposure to emerging markets of up to 15%.
Investment style and process
Disciplined "value" investment approach
All Templeton equity funds follow the same investment philosophy and process that can be traced back to 1954 when Sir John Templeton launched the US domiciled Templeton Growth Fund Inc. The Manager relies heavily on original in-house research and is supported by the Templeton Global Equity Group.
Long term value investors - the Templeton definition
We look at a company's normalised earnings over a five year time horizon and identify stocks currently trading at a significant discount to our estimate of their long-term worth avoiding the short-term news, noise and emotion that can sway individual markets.
The Templeton "Bargain List"
Templeton employs a 5 step process that identifies stocks eligible for inclusion on our 'Bargain List'. This may consist of 100 - 150 stocks at any one time that represent the world's best under-valued opportunities.
Global sector approach to stock selection
The research team is organised along global industry lines, allowing them to compare companies on a worldwide basis without country limitations.
Actively managed, diversified global portfolio
The portfolio is constructed using a disciplined 'bottom-up' process,
whereby the manager selects global stocks from the Bargain List
without reference to index weightings in countries, sectors or stocks.
The portfolio normally holds 80 - 100 stocks.
Fund manager and team
The Fund is managed by Peter Wilmshurst, with portfolio back-up provided by Jeff Everett, Chief Investment Officer of Templeton and Lisa Myers, Vice President. Peter has been with Templeton since 1998.
Part of the Templeton Global Equity Group, the entire fund management team consists of 34 dedicated equity portfolio managers and analysts, located in 8 offices around the world.
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