San Mateo, Calif.-based Franklin Resources announced today that it has entered into an agreement to buy Legg Mason for $4.5 billion in cash, creating a $1.5 trillion asset manager. The deal is expected to close in the third quarter of 2020, pending approval from regulators and other parties.
Will TEGBX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TEGBX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the TEGBX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of TEGBX’s parent organization’s priorities and whether they’re in line with investors’ interests.
The Price Pillar compares TEGBX’s fees to similar funds, determining whether or not the fund provides a good value proposition.
The Performance Pillar is our evaluation of whether TEGBX’s returns have been the result of chance or a proven, long-term process and compares the fund with its category or benchmark.