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Friday, April 07, 2006

Franklin Plans BRIC Fund

by: Armie Margaret Lee

Franklin Templeton plans to roll out a fund that will pursue stocks of Brazilian, Russian, Indian and Chinese companies.

Class A shares of the Templeton BRIC Fund will carry annual operating expenses of 2.44 percent, while Class C shares will carry expenses of 3.09 percent, according to a filing with the Securities and Exchange Commission.

The fund will be run by Mark Mobius, managing director of Templeton Asset Management, and Tom Wu, director.  

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