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Recommendations: 0
I started investigating Franklin Resources this last summer because I rolled over the major portion of my IRA funds into their "family of funds." I found that they were growing by leaps and bounds. Many acquisitions were being completed and they had launched some very aggresive marketing campaigns. You cannot read the financial section of any newspaper without seeing their adds. Michael Price, their star money manager has gotten a lot of attention also. What you may not be aware of is that they aggresively market their U.S. funds to asian customers-- you can imagine how attractive this must be given the poor investments in Asia now.
I am a member of the UAIC (united association of investments clubs) and I receive the Better Investing Magazine. I have read several articles which recommend "Templeton" (Franklin Templeton) foreign funds. I have found that they truly experts in foreign investing. People who fully research their performance (5 Star by Morning Star on most funds) realize that the modest load is worth the value received. The capital gains received on their TEMFX fund recently nicely offset the losses from the recent downturn over the last few months. (no capital gains tax problem with in IRA)
I ran a full analysis using the Stock Selection Guide software, while applying my conservative judgement, and came to the conclusion that the stock was a good buy at recent prices. So I bought a small amount in order to venture into financials (I hold Jefferies also and it has performed well). This is a good diversification move I feel, as I am heavy on the computer technology side.
In comparison to some of the its competitors, I find BEN to be quite promising while being of medium risk (I checked out AC, STT, LEH, and others). I recommend BEN, check out the financials carefully, and I think you will see an oportunity here.
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