Franklin Templeton has partnered with OCBC to launch the new class Q share for its flagship Franklin Income fund.
The new class Q shares come with a 0% initial sales charge and are available in both US dollars and Singapore dollars.
The class Q shares will be automatically converted to class A shares after three years.
“We are delighted to partner with OCBC, one of the largest banks in Singapore, to bring our flagship multi-asset Franklin Income fund via this new share class to investors in Singapore,” said Clement Lee, head of retail sales for southeast Asia at Franklin Templeton.
“Exclusively created for OCBC, this marks the first time that we are launching the Class Q shares in Singapore.”
“Amid increased economic uncertainties and market volatility, we believe the Franklin Income fund will resonate with Singapore investors seeking income across varying market conditions,” said Stephen Tong, senior client portfolio manager at Franklin Income Investors.
“The fund’s dynamic asset allocation which flexibly allocates between a broad range of equities and bonds to adapt to changing markets, ensures diversification across multiple asset classes, offering opportunities for both income generation and capital appreciation.”
