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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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November 21, 2014
08:53 EDTBENFranklin Resources downgraded at Bernstein
As noted earlier, Bernstein downgraded Franklin Resources to Market Perform from Outperform. As reasons for the downgrade, the firm cited slowing fundamental momentum and lack of visibility and catalysts. Target to $60 from $65.
November 20, 2014
16:09 EDTBENFranklin Resources downgraded to Market Perform from Outperform at Bernstein
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November 10, 2014
16:40 EDTBENFranklin Resources reports $898.4B under management at October 31
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