Notification of change to P52 Templeton Latin America Fund
22 Aug 2025
- P52 Templeton Latin America
(the “Affected Mirror Fund”)
We have been notified by Frankin Templeton Investments (Asia) Limited, as Hong Kong Representative of Franklin Templeton Investments Funds (the “Company”), of a change to the investment management structure of the underlying fund of the Affected Mirror Fund, Templeton Latin America (the “Underlying Fund”), with effect 1 October 2025 (the “Effective Date”).
Summary
Currently, the Management Company (Franklin Templeton International Services S.à r.l ) has delegated the portfolio management of the Underlying Fund to Franklin Advisers, Inc (“FAV”) as the Investment Manager and Franklin Templeton Investimentos (Brasil) Ltda. (“FTIBL”) as the Sub-Manager. To reflect an internal reorganisation of investment personnel responsible for the investment management of the Underlying Fund, it is proposed that FAV will be removed from the investment management structure of the Underlying Fund. Please see table below for a summary of the change to the Underlying Fund of our Affected Mirror Fund.
| Underlying Fund | Existing investment management structure | Revised investment management structure from the Effective Date |
|---|---|---|
| Templeton Latin America | Investment Manager Franklin Advisers, Inc (United States of America)
Sub-Manager Franklin Templeton Investimentos (Brasil) Ltda. (Brazil) | Investment Manager* Franklin Templeton Investimentos (Brasil) Ltda.** (Brazil) |
*The investment manager under the revised investment management structure currently acts as a discretionary investment manager or sub-manager of existing funds that are authorised by the Securities and Futures Commission (“SFC”). SFC authorisation is not a recommendation or endorsement of a scheme nor does it guarantee the commercial merits of a scheme or its performance. It does not mean the scheme is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors.
**FTIBL is regulated by the Brazilian regulator, the CVM (Securities and Exchange Commission of Brazil).
Franklin Templeton International Services S.à r.l. and FTIBL are wholly owned subsidiaries of Franklin Resources, Inc.
The Company assures the above change will have no impact on the features and the risks applicable to the Underlying Fund, nor the operation and/or manner in which it is being managed and is not expected to materially prejudice the rights or interests of investors. The investment team at Franklin Templeton has always managed assets based on a team approach and the Underlying Fund will continue to be managed according to the same principles.
This change will take effect automatically and policyholders do not need to take any action. We recommend that policyholders seek the advice of their usual financial adviser before making any investment decisions.
Should you have any questions regarding this change, please contact the Investment Marketing Team.
