Franklin seeks approval for US fund to launch in Europe

US-registered global equity fund sets for european shores

Franklin Templeton Investments is seeking approval for a Dublin domicile and listing for a mirror version of its US-registered Templeton Global Long/Short equity fund, to launch into Europe in October.

Dale Winner, manager of the fund, said in the 12 months to the end of July the fund returned 2.2% against the MSCI World index's fall of 21%, on around half the index's standard deviation of 16%.

The $106.9m fund, which is always net long and unleveraged, draws on research from 35 in-house sector

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