Franklin Templeton has announced that the lead manager of Templeton Foreign, Chris Peel, will be leaving the firm at the end of 2026. The firm has not yet disclosed who Peel’s successor as lead manager will be on this strategy, which has markedly underperformed in recent years, but backup managers Peter Satori and Warren Pustam remain in place. (Sartori also serves as lead manager on Templeton Growth and heads the firm’s team of developed-market managers, while Pustam also serves as lead manager on Templeton World). Peel’s upcoming departure is significant, and it’s unclear who his successor will be, so this strategy's Morningstar Medalist Rating is Under Review. The remainder of the text in this report was published on Nov. 20, 2025, and reflects our views at that time. We will update the full report and ratings once we have completed our comprehensive review.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TEMFX’s performance objective and investment process is for both security selection and portfolio construction.
United States