Buy for Global Quality

Article Excerpt

TEMPLETON GROWTH FUND $10.62 (CWA Rating: Conservative) (Franklin Templeton Management Limited, 1 Adelaide Street East, Suite 2101, Toronto, ON. M5C 3B8. 1-800-387-0830; Web site: www.templeton.ca. Buy or sell through brokers) is invested 30.8% in the U.S., 17.5% in the UK, 6.7% in Japan, 6.6% in the Netherlands, 4.7% in Singapore, 4.5% in Spain and 3.9% in Germany. The $3.8 billion fund’s top holdings include Royal Dutch Shell plc, Cheung Kong Holdings, GlaxoSmithKline plc, Unilever NV, Merck & Co. Inc., ING Groep NV, El Paso Corporation, Siemens AG, DBS Group Holdings Ltd. and Banco Santander Central SA. The fund made 15.8% over the last year, compared to a loss of 15.0% for the benchmark Morgan Stanley Index. The fund’s MER is 2.23%. Templeton Growth Fund is a buy. buy…