Buy for global value

Article Excerpt

TEMPLETON GROWTH FUND $12.15 (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 31.5% in the U.S., 16.4% in the UK, 6.9% in the Netherlands, 6.9% in Japan, 4.1% in Singapore, 3.9% in Spain, 3.6% in Switzerland, 3.4% in Germany and 3.3% in Canada and 3.2% in Italy. The $4.8 billion fund’s top holdings include Telefonos de Mexico, Royal Dutch Shell plc, GlaxoSmithKline plc, Unilever NV, Merck & Co. Inc., ING Groep NV, El Paso Corp., Siemens AG, Reed Elsevier NV and MIV Therapeutics. The fund made 10.9% over the last year, compared to a gain of 13.7% for the benchmark Morgan Stanley Index. The fund’s MER is 2.34%. Templeton Growth Fund is a buy. buy…