As of the end of February 2020, Franklin Templeton modified the structure of its global real asset fund, offered through the Desjardins Insurance group retirement savings platform. The listed global real estate and infrastructure securities components are now being managed by Franklin Templeton according to passive mandates, replacing the actively managed funds used by the manager since the fund’s inception. This change allows for an optimization of the fund’s structure, by minimizing the cost associated with assets whose main objective is to ensure daily liquidity, without affecting the fund’s global return objective. This change does not have any impact on the private real asset fund portfolio, which represents the fund’s main component.
In conjunction with this change, we are proud to announce that the investment fee associated with the fund on our platform has been reduced by 0.10%, for the benefit of both current and future investors. This fee reduction automatically took effect as of March 1, 2020.
About the Franklin Templeton Global Real Asset Fund
This actively managed fund aims to provide both current income and long-term capital appreciation through a portfolio of investment funds that invest in various real asset sectors of the global economy. It primarily allocates capital to core private real estate and infrastructure strategies as well as public real estate and infrastructure securities strategies. It may also invest in other real asset classes such as agriculture and timber, or in other private real estate and infrastructure strategies (value-added, opportunistic and direct-held). The fund targets a net annualized return of at least 4% higher than that of the Canada Consumer Price Index, over four-year moving periods.
For more information about this change, do not hesitate to communicate with your client relationship manager.