Edward Jamieson, CIO of Franklin's Equity Group and team leader of the Franklin
institutional small cap growth equity management team, was quoted in Institutional
Investor's July 2003 article "Double Play." The article discusses the trend of
investment management firms combining small- and mid-cap strategies into a single
hybrid asset class now labeled as smid-cap, "...loosely defined as companies with
market capitalizations between $100 million and $10 billion."
According to the article, many institutional investors currently find smid-cap funds
appealing because they enable managers to look at a wider universe of stocks and
offer more flexibility to hold small-cap stocks longer as "...winning stocks grow too
large to fit the small-cap limit..."
Within the article, Jamieson states, "Good small-cap managers tend to get maxed out
in their capacity...By moving into smid you can leverage the skill of small-cap." He
also emphasizes that Franklin's bottom-up stock picking and research-intensive
approach are integral to Franklin's goal of uncovering compelling stocks within its
smid-cap parameters.
Franklin Small-Cap Growth Strategy
Franklin small-mid cap growth equity strategies primarily invest in stocks of
small- and mid-sized U.S. companies, with market capitalization up to $8.5 billion
at the time of purchase. The investment management team, including more than 40
analysts, seeks to uncover distinctive, smaller growth companies operating in
various markets across all industries.
Learn more...
For more information about Franklin small-mid cap growth equity strategies and institutional mutual funds, please contact Prabhu Palani at ppalani@frk.com 800/321-8563 (x24290)
|
| Important Legal Information |
All investments are subject to certain risks. Generally, investments offering the potential for higher returns are accompanied by a higher degree of risk. Stocks and other equities representing an ownership interest in a corporation have historically outperformed other asset classes over the long term but tend to fluctuate more dramatically over the shorter term. Bond and other debt obligations are affected by changes in interest rates and the creditworthiness of their issuers. High yield, lower-rated ("junk") bonds generally have greater price swings and higher default risks. Foreign investing, especially in developing countries, has additional risks such as currency and market volatility and political or social instability. These, and other risks to which particular funds may be subject, such as specialized industry sectors or use of complex securities, are discussed in each fund's prospectus.
Mutual funds are offered solely by their prospectus, which contains more complete information including fees, expenses, investment objectives and risk factors. The prospectus should be read carefully before investing.
The mutual funds are offered by:
Franklin Templeton Distributors, Inc.
100 Fountain Parkway
P.O. Box 33030
St. Petersburg, Florida 33733-8030
|
|
|
|
