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Stock Market & Financial Investment News

News Breaks
January 8, 2013
09:12 EDTBENFranklin Resources' Templeton to fully divest TSEMF II
Templeton Emerging Markets Group announced the exit from all investments held in the Templeton Strategic Emerging Markets Fund II, or TSEMF II. TSEMF II was established in 2005 and is led by Dr. Mark Mobius, executive chairman of Templeton Emerging Markets Group. The $132.5M TSEMF II generated a net internal rate of return, or IRR, of 34.3%, and a net multiple of cost, or MoC, of 2.1 times. All 12 investments were fully exited in less than 7.5 years since the Fund's initial close. The Fund made strategic private equity investments in listed and unlisted companies across a variety of sectors throughout global emerging markets such as China, India, Russia, South Korea and Central Eastern Europe. The Fund's investment strategy was focused on growth stage investments that involved adding new capital to companies in healthcare, consumer and light infrastructure.
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July 31, 2014
10:02 EDTBENOn The Fly: Analyst Downgrade Summary
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06:13 EDTBENFranklin Resources downgraded to Neutral from Buy at Citigroup
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July 30, 2014
08:32 EDTBENFranklin Resources reports Q3 EPS 92c, consensus 95c
Reports Q3 revenue $2.13B, consensus $2.17B. Total assets under management were $920.5B at June 30, up 4% during the quarter primarily due to $31.9B of market appreciation. AUM increased $105.5B or 13% year over year primarily due to $116.9B of market appreciation, partially offset by $7.2B of net new outflows.
July 29, 2014
15:53 EDTBENNotable companies reporting before tomorrow's open
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