Franklin Templeton Introduces Large Cap Growth Fund
June 14, 1999
Franklin Templeton Distributors of San Mateo, Calif., introduced the Franklin Large Cap Growth Fund June 7. The fund invests in companies with market capitalizations of $8.5 billion or more, for long-term capital appreciation. The fund will aim to invest in companies that will have revenue growth in excess of the overall economy, either through above-average industry expansion or market share gains, according to Terri Spath, portfolio manager.
The company also plans to introduce a new aggressive growth fund later this month, said Greg Johnson, president of Franklin Templeton Distributors.