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Saira Khan
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London, 20 October 2025 – Franklin Templeton1 is pleased to announce that the Putnam US Large Cap Value Equity Strategy has been selected by Hargreaves Lansdown2 for inclusion in its HL US Fund. The strategy is managed by Franklin Templeton’s specialist investment manager, Putnam Investments, a diversified active equity manager focused on delivering repeatable risk-adjusted returns for investors.
Established in 1992, the Putnam US Large Cap Value Equity Strategy has over $72 billion3 in assets under management and has outperformed its benchmark in nine of the last ten calendar years4. It was made available to UK and European investors through the Irish-domiciled FTGF Putnam US Large Cap Value Fund5 in March 2025.
Harry Reeves, Head of UK Wholesale at Franklin Templeton commented: “Putnam is a world-class manager, backed by the scale and resources of Franklin Templeton. We are delighted with the strong momentum we have seen for the Putnam US Large Cap Value fund, which has grown to over $289 million6 since its launch just six months ago. In the UK, this success has been driven by growing demand from investors for diversified exposure to the US market. We are pleased to establish this new partnership with Hargreaves Lansdown and look forward to offering their clients access to our proven expertise in US equities. This marks the beginning of what we anticipate will be a long and successful relationship.”
Co-managed by Boston-based Portfolio Managers Darren Jaroch, CFA, and Lauren DeMore, CFA, the Fund pursues consistent, superior risk-adjusted returns through a disciplined approach to idea generation, portfolio construction and risk management. Specifically, the portfolio managers focus on underappreciated stocks that are priced attractively relative to their cash flows and poised for positive change.
Roger Clark, Senior Fund Manager at Hargreaves Lansdown added: “Putnam is a strong addition to our HL US fund and underscores our commitment to partnering with high-quality risk-aware managers that we believe are capable of delivering long-term performance across varying market conditions.”
Franklin Templeton established its presence in the United Kingdom in 1985. Today the firm offers an extensive suite of investment solutions to retail and institutional investors. With offices in London, Leeds, and Edinburgh the firm provides UK Investors with access to a range of capabilities across traditional and alternative asset classes including equities, fixed income, private equity, private debt, real estate and customised, outcome-oriented solutions. This year marks the 40th anniversary of Franklin Templeton’s operations in the UK, representing a significant milestone in its history. With over 700 UK-based employees, the firm is committed to building dynamic relationships with clients to help them navigate the complexities of today’s market.
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Contacts:
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Saira Khan |
Shelly Durrant |
Notes to Editors:
This is a marketing communication. Please refer to the prospectus of the UCITS and to the KIID before making any final investment decisions.
- Franklin Resources, Inc. [NYSE:BEN] is a global investment management organisation with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialisation on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and $1.66 trillion in assets under management as of 30 Septmeber 2025. For more information, please visit www.franklintempleton.co.uk and follow us on LinkedIn, X, and Facebook.
- HL is the UK’s number one investment platform for private investors, with over 1.9 million clients trusting the company with £157.3 billion (as at 30 September 2024).
HL’s purpose is to make it easy to save and invest for a better future and help people build their financial resilience over the long-term. HL provides a lifelong, secure home for people’s savings and investments that offers great value and an incredible service, making their financial life easy.
The HL range of funds is designed to meet investors’ varied goals and objectives. You can choose a simple all-in-one investment offering instant diversification with one of the HL Ready-Made Investments, build your own diversified portfolio using the HL Building Block Funds, or add to an existing portfolio with HL Select funds. The HL US fund is an actively managed Building Block Fund that invests in a wide number of US companies. This is done through an expert and careful selection of managers brought together with different styles looking for growth and value.
Find out more about HL and the company’s history
Press centre: https://www.hl.co.uk/about-us/press
Investor relations: www.hl.co.uk/investor-relations - Source: Putnam Investments as of 30 June 2025.
- Source: Putnam Investments as of 31 December 2024. From 31 December 2014 to 31 December 2024.
- The FTGF Putnam US Large Cap Value Fund is a sub-fund of the Irish domiciled Franklin Templeton Global Funds plc range. FTGF is an open-ended investment company with variable capital, organised as an undertaking for collective investment in transferable securities ('UCITS'). FTGF is authorised in Ireland by the Central Bank of Ireland. Information has been prepared from sources believed reliable. It is not guaranteed in any way by any Franklin Resources, Inc. company or affiliate (together 'Franklin Templeton'). Before investing you should read the application form Prospectus and KIID. The fund documents may be obtained free of charge in English, French, German, Italian and Spanish from FTGF's registered office at Riverside Two, Sir John Rogerson's Quay, Grand Canal Dock, Dublin 2, Ireland, from FTGF's administrator, BNY Mellon Fund Services (Ireland) Limited, or can be requested via FT's European Facilities Service which is available at https://www.eifs.lu/franklintempleton, or please visit www.franklintempleton.co.uk to be directed to your local Franklin Templeton website.
The sub-funds of FTGF are notified for marketing in multiple EU Member States under the UCITS Directive. FTGF can terminate such notifications for any share class and/or sub-fund at any time by using the process contained in Article 93a of the UCITS Directive. - Source: Franklin Templeton as of 30 September 2025
This press release is intended to be of general interest only and does not constitute professional advice. Franklin Templeton and its management groups have exercised professional care and diligence in the collection and processing of the information in this press release. Franklin Templeton makes no representations or warranties with respect to the accuracy of this document. Franklin Templeton shall not be liable to any user of this report or to any other person or entity for the inaccuracy of information contained in this press release or for any errors or omissions in its contents, regardless of the cause of such inaccuracy, error or omission.
Any research and analysis contained in this document has been procured by Franklin Templeton for its own purposes.
Please consult your financial advisor before deciding to invest.
Issued by Franklin Templeton Investment Management Limited (FTIML). FTIML is authorised and regulated in the United Kingdom by the Financial Conduct Authority.
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