Two Templeton Buys for Global Growth

Article Excerpt

TEMPLETON GROWTH FUND $12.94 (CWA Rating: Conservative) (Franklin Templeton Management Limited, 1 Adelaide Street East, Suite 2101, Toronto, ON. M5C 3B8. 1-800-387-0830; Web site: Buy or sell through brokers) is invested 33.5% in the U.S., 14.4% in the UK, 8% in the Netherlands, 7% in Japan, 5.4% in Spain, 3.8% in Singapore, 3.8% in Switzerland, 3.1% in Germany and 2.8% in Hong Kong. The fund’s top holdings include Banco Santander Central Hispano SA (Spanish bank), Royal Dutch Shell (Netherlands oil & gas), Koninklijke Philips Electronics NV (Netherlands consumer electronic & electrical products), Cheung Kong Holdings (Hong Kong conglomerate), GlaxoSmithKline plc (UK pharmaceutical), Repsol YPF SA (Spanish oil & gas), Unilever NV (global packaged consumer goods), Merck & Co. Inc. (U.S. pharmaceuticals), ING Groep NV (Dutch financial services) and DBS Group Holdings (Singapore-based banking). The fund made 19.4% over the last year, compared to a gain of 20.5% for the benchmark Morgan Stanley Index. The fund’s MER is 2.35%. Templeton Growth Fund is…

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