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Franklin Templeton1 is pleased to announce the launch of the new Franklin Green Target Income 2024 Fund2 (the “Fund”), a sub-fund of the Luxembourg-registered Franklin Templeton Opportunities Funds (FTOF) range. This is the third “buy and hold” or fixed maturity fund introduced in the FTOF range, following the successful IPO of Franklin Target Income 20242 which raised over $621 million (€ 557 million) earlier this year from European investors.
The new fund’s objective is to invest primarily in higher yielding, euro-denominated debt securities issued by corporations globally - including those located in emerging markets – with a pre-determined yield at the time of investments over a five-year period. Following its launch on 10th May, the new fund will initiate an asset...
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