Franklin Templeton has partnered with OCBC to launch the new Class Q shares for its flagship Franklin Income Fund, which will be offered exclusively to OCBC clients in Singapore.
Designed to promote long-term investing, the new Class Q shares are available in US dollar and Singapore dollar with no initial sales charges upon subscription during the offer period.
Additional fees will apply on early redemption within three years of purchase, and Class Q shares will be converted automatically to its corresponding Class A after the expiry of the three-year period.
The Class Q shares aim to distribute dividends on a monthly basis. The subscription period for the Class Q shares will close on September 24.
With a 76-year history in the US, the Franklin Income strategy has a proven track record in income generation and capital appreciation. “Amid increased economic uncertainties and market volatility, we believe the Franklin Income Fund will resonate with Singapore investors seeking income across varying market conditions,” says Franklin Income Investors senior client portfolio manager Stephen Tong.
