Franklin India Ultra Short Bond Fund Closure
Have you suffered losses investing in Franklin India Ultra Short Bond Fund sponsored by Franklin Templeton? If so, the securities attorneys at The White Law Group may be able to help you recover your losses through FINRA Arbitration.
According to reports this week, Franklin Templeton Asset Management announced the closure of six debt and credit mutual funds owing to redemption pressure and lack of liquidity in the secondary market. The funds which have been shut are Franklin India Low Duration Fund, Ultra Short Bond Fund, Short Term Income Plan, Credit Risk Fund, Dynamic Accrual Fund and Income Opportunities Fund.
Recovery of Investment Losses
The White Law Group is investigating the liability that brokerage firms may have for recommending high risk mutual funds.
Aggressive financial advisors may have unsuitably recommended these mutual funds in an effort to chase yield. Investors who buy solely on the basis of the dividend may experience losses as the dividend is cut and the stock price declines in response.
If your financial advisor over-concentrated your portfolio, you may have a viable claim to recover your losses. Financial advisors are required to make suitable investment recommendations, accounting for your age, income, net worth, investment experience, and investment objectives. Diversification is the key to reducing risk. As such, over-concentrated exposure to any sector or investment but particularly volatile industries like oil and gas, can be unsuitable for many investors.
If you suffered losses investing in Franklin India Ultra Short Bond Fund or another Franklin Templeton fund, the White Law Group may be able to help you. Please call the offices at 888-637-5510 for a free consultation with a securities attorney.
The White Law Group is a national securities arbitration, securities fraud, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee. The firm represents investors throughout the country in FINRA arbitration claims against their brokerage firm.
For more information on The White Law Group, visit www.whitesecuritieslaw.com.