Global - The New Core
Franklin Templeton has confirmed that they hope to launch their Global Allocation Fund by year-end.
Here's the SEC filing:http://www.sec.gov/Archives/edgar/data/876441/000137949111000617/filing1478.htm
"Under normal market conditions, the Fund seeks to achieve its investment goal by (1) investing in a diversified core portfolio of equity and fixed income investments, and (2) tactically adjusting the Fund's exposure to certain asset classes, regions, currencies and sectors independent of the investment processes of the investment strategies that comprise the core portfolio.
Under normal market conditions, the Fund’s baseline allocation between broad asset classes is:
50% Global Equity (U.S. / International / Emerging)
35% Global Fixed Income (U.S. /International / Emerging)
5% Commodity-linked Instruments
10% Cash and Derivative Instruments
The Fund is structured as a multi-manager fund, with the investment manager responsible for monitoring the Fund's overall investment performance, managing portions of the Fund's core portfolio, managing the Fund's tactical asset allocation, and re-balancing the Fund’s portfolio to maintain the baseline allocation to various asset classes and investment strategies. The baseline allocation also may change from time to time, at the discretion of the investment manager."