Franklin Portfolio Associates Launches International Large and Small Cap Strategies For Developed Markets
September 04 2007 - 8:53AM
PR Newswire (US)
BNY Mellon asset manager using quant models to identify global
opportunities BOSTON, Sept. 4 /PRNewswire-FirstCall/ -- Franklin
Portfolio Associates, an investment subsidiary of The Bank of New
York Mellon Corporation, has launched a developed markets large cap
strategy, benchmarked to the MSCI EAFE index, and a developed
markets small cap strategy, benchmarked to the S&P/Citigroup
Extended Markets Index. Both international strategies take a
quantitative approach. "We are extending our disciplined investment
approach to include international stocks," said John Cone, chief
executive officer of Franklin Portfolio Associates. "Our modeling
indicates that the same concepts that have been effective for 25
years with U.S. equities will be equally successful in the
international arena. Although the details of the implementation
will differ, we will continue to emphasize stock selection and
maintain an approximately equal weighting of value and
growth/momentum factors." "Quantitative models are an effective way
to identify opportunities in large global universes of stocks,"
said Jonathan Calvert, senior vice president for Franklin Portfolio
Associates and the lead portfolio manager for both strategies. "We
believe our processes will allow us to focus on delivering
consistent risk-adjusted returns in the international markets."
Franklin Portfolio Associates, one of the 19 investment boutiques
of BNY Mellon Asset Management, manages approximately $34 billion
in assets through a quantitative approach. It utilizes a broad
range of diverse factors to rank a universe of over 8,000 domestic
and international stocks on a daily basis. Created in 1982, the
firm manages large institutional portfolios with a disciplined,
structured approach. The Bank of New York Mellon Corporation is a
global financial services company focused on helping clients manage
and move their financial assets, operating in 37 countries and
serving more than 100 markets. The company is a leading provider of
financial services for institutions, corporations and
high-net-worth individuals, providing superior asset management and
wealth management, asset servicing, issuer services and treasury
services through a worldwide client-focused team. It has more than
$20 trillion in assets under custody and administration and more
than $1 trillion in assets under management. Additional information
is available at http://www.bnymellon.com/. DATASOURCE: Bank of New
York Mellon CONTACT: Mike Dunn of Bank of New York Mellon,
+1-212-922-7859, Web site: http://www.bnymellon.com/
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