Franklin Templeton is delighted to announce the launch of the following funds:

• Templeton Asian Dividend Fund
• Franklin Global Listed Infrastructure Fund
• Franklin Multi-Asset Income Fund

These are subfunds of Franklin Templeton Investment Funds (FTIF), a Luxembourg-registered SICAV, and Luxembourg investors can access this new Fund beginning 26 April 2013.

Templeton Asian Dividend Fund

Fund Capitalises on Asian Dividend and Growth Opportunities with Templeton’s Deep Intellectual Capital

Franklin Templeton Investments is pleased to announce that it has launched the Templeton Asian Dividend Fund (the “Fund”) within its Luxembourg-domiciled Franklin Templeton Investment Funds range, which will seek to generate a higher income yield than the benchmark by investing in a portfolio of Asia-related dividend yielding holdings with exposure to the secular growth trends on the continent.

The Fund aims to address an increasing need for meaningful yield while still providing growth potential. The Asia region includes, but is not limited to, Bangladesh, Cambodia, China, Hong Kong, India, Indonesia, Korea, Malaysia, Pakistan, Philippines, Singapore, Sri Lanka, Taiwan, Thailand and Vietnam. The managers’ unconstrained approach emphasises stocks that offer either attractive dividend yields at the time of purchase or the prospect for attractive dividend yields in the future. The Fund managers invest with a long-term view in Asian companies they believe are undervalued, fundamentally strong, growing and capable of weathering difficult times.

Dr. Mark Mobius, executive chairman, Templeton Emerging Markets Group, and lead portfolio manager of the Fund is one of the longest tenured managers in emerging markets with over 40 years of experience. Tom Wu is a lead portfolio manager of the Fund with over 25 years of experience. He is senior executive vice president and senior managing director, Templeton Asset Management Ltd. They leverage an experienced team of regional portfolio managers and research analysts along with the broader resources of Franklin Templeton Investments, including risk management and trading professionals.

Dr. Mobius commented, “Asia is still one of the fastest growing regions of the world. As an exporter, it benefits from increasing global demand but is also experiencing a growing domestic market. The growing middle class is demanding more consumer goods and is able and willing to pay higher prices.” Looking at the region’s dividend yield, he added: “Dividend yields are an important source of income, as investors are finding it increasingly difficult to source meaningful yield in fixed income without higher specific risk. In Asia, the number companies paying dividends has increased which makes it a relatively attractive source of income.”

Templeton Emerging Markets Group

With over $53 billion under management, the Templeton Emerging Markets group is a leading manager of Asian equities. The team includes over 50 dedicated portfolio managers and analysts located across 18 offices around the world, helping them maintain a first-hand understanding of the economic trends of their respective regions. As an early pioneer in emerging markets investing, the Templeton Emerging Markets group launched its first mutual fund dedicated to emerging markets in 1987.

Franklin Global Listed Infrastructure Fund

Fund Provides Access to Rapidly Expanding Market Driven by Global Demand for Infrastructure Development

Franklin Templeton Real Asset Advisors is pleased to announce that it has launched Franklin Templeton Investment Funds Franklin Global Listed Infrastructure Fund (the “Fund”), providing access to a rapidly expanding market driven by the global need to build new infrastructure or replace aging infrastructure.

The Fund seeks to maximise total investment return consisting of income and capital appreciation. It also seeks to achieve its investment objective by investing in the securities of infrastructure-related companies whose principal business is the ownership, management, construction, operation, utilization or financing of infrastructure assets which are located around the world, including emerging markets.

The Fund’s portfolio managers are Wilson Magee, Director of Global REITs (Real Estate Investment Trusts), and Jack Foster, Head of Real Assets, for Franklin Templeton Real Asset Advisors (FTRAA). The portfolio managers are supported by an experienced team of regional research analysts focused on Europe, Asia, Australia, the U.S, and the Americas. The investment team also leverages the broader resources of Franklin Templeton Investments, including risk management and trading professionals.

Investing in infrastructure can offer compelling risk-adjusted returns with historically low correlation to bonds. It also offers the potential for relatively predictable and stable income and can provide an alternative source of income to bonds. The Fund managers believe that the team’s research and local expertise should ultimately define the Fund’s investment universe, which would include companies across the infrastructure-related sectors of utilities, transportation and energy. As a result, the Fund’s opportunity set may extend beyond the securities reflected in an index to include compelling prospects discovered by FTRAA’s regional specialists.

Mr. Magee commented, “The Franklin Global Listed Infrastructure Fund, we believe, offers investors a tremendous opportunity to participate in the growth potential of the global listed infrastructure market. In many developed countries, we have aging infrastructure that requires repair or complete replacement. In emerging markets, by contrast, there is a need for new infrastructure to meet population growth, economic expansion and urbanization trends. And across all regions we have the issue of growing public fiscal constraints that is opening the door for private listed infrastructure involvement.”

Mr. Foster added, “We’re pleased to launch the Fund because it provides investors liquid access to a traditionally illiquid market. The infrastructure market has historically been limited to institutional investors who could invest large sums of capital, but the growing publically, traded listed infrastructure market provides retail investors a similar opportunity to earn income and capital appreciation.”

Franklin Templeton Real Asset Advisors

Franklin Templeton Real Asset Advisors has been investing globally since 1984 and counts among its clients leading institutions and retail investors from around the world. The team strives to provide investors with an efficient alternative for investing globally in private real estate funds, private infrastructure and real resources funds and listed real estate and infrastructure securities. As of 31 March 2013, FTRAA managed over USD 4.5 billion in assets.

Franklin Multi-Asset Income Fund

Franklin Templeton Multi-Asset Strategies (FTMAS) is pleased to announce the introduction of the Franklin Multi-Asset Income Fund (“the Fund”), which was developed for investors seeking an income-oriented investment solution and the potential for capital appreciation.

The Franklin Multi-Asset Income Fund will be managed by FTMAS portfolio managers Thomas A. Nelson and Matthias Hoppe. FTMAS is a global multi-asset management platform that seeks to deliver superior risk-adjusted returns by applying a top-down, active asset allocation approach to multi-manager solutions. FTMAS has more than 25 years of experience in multi-asset class portfolio solutions and multi-manager selection, with a team of over 30 investment professionals located in offices worldwide.

“The Fund’s multi-asset strategy utilised will, we believe, provide a diversified approach across investing styles, offering potential for both income and capital appreciation, while seeking to protect purchasing power” said Nelson. “With investors increasingly looking for solutions to support their income needs while minimizing the impacts of inflation, we feel our approach is timely.”

“FTMAS has a strong history of building portfolios that meet investor objectives through both active asset allocation and the selection of strong underlying investment managers,” said Hoppe. “This fund complements our existing offerings, providing the same global multi-asset exposure with a targeted approach to risk management and an additional focus on income.”

The Franklin Multi-Asset Income Fund is structured as a multi-manager fund to provide a diversified, sustainable level of income, along with capital gains, in the medium to long term. The targeted income yield is the greater than the blend of developed market equity (MSCI World) and developed market Sovereign Debt (Citi WGBI). The Fund invests directly and indirectly in a wide range of asset classes and geographic regions. These asset classes may include fixed and floating rate debt securities, equities and ‘alternative’ asset classes such as real estate, infrastructure and commodities.

The Fund is constructed around a core allocation structured with complementary investment strategies from across Franklin Templeton Investments and select third parties. These core strategies were selected to help provide access to distinct asset class expertise while also providing broad diversification across regions, markets, sectors and economic exposures, driven by the type of dedicated, bottom-up investing for which Franklin Templeton Investments is known. While the Fund features broad diversification, tactical allocation shifts by the portfolio managers can help maintain a consistent risk profile while taking advantage of relative opportunities between asset classes.

Franklin Advisers, Inc. is responsible for monitoring the Fund’s overall investment performance and for re-balancing the Fund’s portfolio allocation. The Investment Manager makes an allocation of net assets to investment strategies managed independently by Investment Co-Managers of Franklin Templeton Investments selected by the Investment Manager. The allocation to asset classes and investment strategies is at the Investment Manager’s discretion and may change over time.

The Fund also leverages the depth and experience of Franklin Templeton’s Performance Analysis and Investment Risk (PAIR) group, which works separately from the portfolio management functions, monitoring investment risk for all portfolios managed by the firms.

Portfolio Management Team

Thomas A. Nelson, CFA, based in New York, NY, is a portfolio manager and managing director of strategic asset allocation research for Franklin Templeton Multi-Asset Strategies. Nelson is a portfolio manager of Franklin Templeton Multi Asset Real Return Fund and co-manager of the Franklin Templeton Retirement Target and Franklin Templeton Allocation Funds. Nelson co-founded Franklin Templeton's quantitative research services group upon joining the company in September 2007 and moved to FTMAS in September 2009. Prior to working at Franklin Templeton, Nelson worked for Bloomberg LP from 1991 to 2007 where he was manager of the Americas market specialist sales teams.

Matthias Hoppe, based in Frankfurt, Germany, is vice president and portfolio manager for Franklin Templeton Multi-Asset Strategies. In this role, he is responsible for overseeing FTMAS’ European fund of fund products. He is also a member of the Global Investment Committee. Prior to his current role, Hoppe was a senior portfolio manager at an asset management firm in Dusseldorf where he specialized both in the management of fund of funds and health care equity portfolios. Previously, he was a staff writer for a financial newspaper, where he covered investment funds and derivative products. He has also worked as a marketing specialist for equity derivatives at a major German bank.