Templeton plans segregated funds

Article Abstract:

Templeton Management Ltd. of Toronto plans to launch segregated funds by September 1998. Segregated funds are like mutual funds except they offer a guarantee of the investor's principal, either on death or maturity in 10 years. Segregated funds also offer protection from creditors in certain circumstances and an exemption from probate when a beneficiary is chosen. Templeton President and CEO Don Reed declared in an interview that its investors will be able to purchase funds that will invest in units of five existing Templeton funds.

Comment:

Plans to launch segregated funds by September 1998

Services introduction, Article

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Altamira plans to offer shares to public

Article Abstract:

Toronto, Ont.-based Altamira Investment Services Inc. has announced plans for an intitial public offering. Altamira, which is a mutual funds company, expects to raise between $100 million and $150 million through the IPO.

Sales, profits & dividends, Finance, Altamira Investment Services Inc.

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Templeton changes name

Article Abstract:

Tornoto's Templeton Management Ltd. has changed its name to Franklin Templeton Investments Corp. in an effort to stem the tide of net redemptions from its mutual funds.

Organizational nomenclature, Names, Franklin Templeton Investments Corp

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