Franklin Global Growth W is an Managed Funds investment product that is benchmarked against Developed -World Index and sits inside the Foreign Equity - Large Growth Index. Think of a benchmark as a standard where investment performance can be measured. Typically, market indices like the ASX200 and market-segment stock indexes are used for this purpose. The Franklin Global Growth W has Assets Under Management of 711.04 M with a management fee of 0.9%, a performance fee of 0.00% and a buy/sell spread fee of 0.4%.
During the first quarter of 2023, the portfolio outperformed its benchmark, the MSCI World ex-Australia Index-NR (both in Australian-dollar terms), as stock selection in the industrials, financials and IT sectors boosted relative returns. In contrast, stock selection in the consumer discretionary and materials sectors hindered relative returns. In terms of sector allocations, a lack of exposure to consumer staples and energy and an overweight in IT enhanced relative results. In contrast, a lack of exposure to communication services and overweight positions in health care and materials detracted from relative results. On a regional level, stock selection in North America and a lack of exposure to Asia/Pacific ex Japan benefitted relative returns, while exposure to emerging markets and stock selection in Japan dampened relative returns.
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