New Class Q shares aim to promote long-term investing, delivering consistent income and diversified growth
Singapore, 5 September, 2024 - Franklin Templeton today announced its partnership with OCBC to launch the new Class Q shares (Q (Mdis) USD and Q (Mdis) SGD-H1) for its flagship Franklin Income Fund, which will be offered exclusively to OCBC clients in Singapore.
Designed to promote long-term investing, the new Class Q shares on offer has been launched with 0% initial sales charges upon subscription1, and are available in US dollar and Singapore dollar. Additional fees will apply on early redemption within three years of purchase, and Class Q shares will be converted automatically to its corresponding Class A after the expiry of the three-year period. The Class Q shares aim to distribute dividend on a monthly basis2. The subscription period for the Class Q shares will close on 24 September 2024.
Clement Lee, Head of Retail Sales, Southeast Asia, Franklin Templeton commented: “We are delighted to partner with OCBC, one of the largest banks in Singapore, to bring our flagship multi-asset Franklin Income Fund via this new share class to investors in Singapore. Exclusively created for OCBC, this marks the first time that we are launching the Class Q shares in Singapore. Tailored to encourage long-term investing, the Class Q shares offer investors the benefit of zero initial sales charges during the offer period1 when they remain invested for a minimum of three years.”