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Monday, September 21, 2015 5:00:57 PM
Parent Franklin Resources (NYSE:BEN) is off 30.5% this year.
Fund manager Ed Perks responded by buying another $2B of energy-sector high-yield, and the fund's $25B in junk is more than any other mutual fund.
Somewhat concerning is what effect an even quicker run from the fund by investors may have - roughly 21% of the bonds held as of March 31 would not be sellable within seven days, based on average daily trading volume through H1, according to the WSJ. Franklin disagrees with the analysis, and says by SEC guidelines just 0.14% of the portfolio constituted illiquid securities.
Purely My Own Opinion. Do Your Own Due Diligence.
“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty
Recent BEN News
- Franklin Resources, Inc. Announces Month-End Assets Under Management • Business Wire • 05/09/2024 08:01:00 PM
- Form SC 13D - General statement of acquisition of beneficial ownership • Edgar (US Regulatory) • 05/08/2024 07:38:11 PM
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- Franklin Resources, Inc. Announces Month-End Assets Under Management • Business Wire • 04/10/2024 12:32:00 AM
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- Franklin Resources, Inc. to Announce Second Quarter Results on April 29, 2024 • Business Wire • 03/28/2024 08:30:00 PM
- Franklin Templeton Canada Introduces a Suite of Low Volatility and High Dividend ETFs for Canadian Investors • PR Newswire (Canada) • 03/28/2024 11:30:00 AM
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- New Survey by DACFP and Franklin Templeton Digital Assets Finds that Nearly Sixty Percent of Financial Advisors Recommend Crypto to Clients • PR Newswire (US) • 03/19/2024 01:00:00 PM
- Franklin Templeton Canada annonce des réductions de frais pour ses portefeuilles FNB multiactifs Franklin • PR Newswire (Canada) • 03/14/2024 12:00:00 AM
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- Franklin Resources, Inc. Announces Month-End Assets Under Management • Business Wire • 03/11/2024 08:02:00 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 03/11/2024 05:44:39 PM
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