Going global with small-caps: Templeton Global Smaller Companies provides growth opportunities

Money Digest, August, 1997

Soaring North American stock markets have made it very difficult for the investor to find value. Value-seekers should be prepared to look outside North America and into companies that are less well-known.

To do so, however, is beyond the know-how and resources of most individual investors. So the best way to achieve this form of global diversification is through a well-managed fund with an established track record that aims to invest in small-cap stocks globally.

Investors looking to follow this strategy may want to consider investing in Templeton Global Smaller Companies Fund for several reasons:

1. Templeton funds have been traditionally good at scouring for value around the globe.

2. This fund has returned over 16% (compounded) over the past five years.

We believe that this is a good time to be cautious and diversify.