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Franklin Templeton has launched a fund that targets business innovators and disruptive technologies.

The firm is rolling out the Franklin Innovation Fund – a sub-fund of the Luxembourg-domiciled Franklin Templeton Investments Funds (FTIF) range. This new thematic fund will be led by California-based portfolio manager Matthew J Moberg from the Franklin Equity Group.

The fund seeks capital appreciation by investing primarily in companies that are leaders in innovation, take on pioneering technologies, have superior management and benefit from new industry conditions in the dynamically changing global economy.

The fund will invest in companies in any economic sector and of any market capitalisation globally and is expected to focus its principal geographic exposure on the US market. In selecting equity investments, the investment team utilises fundamental, bottom-up research to seek companies meeting its criteria of sustainable growth and a large investable market driven by innovation.