The Templeton fund has thus been marking time.

He argues that "this is a terrific time to buy Templeton funds" because prices are so low.

In Brief Three Templeton funds have gone global with their names.

Only one of them, the top-performing Templeton fund, had a net gain for the remaining four years.

This Templeton fund is a core strategic holding that is leveraged to the development of the East.

And the endowment has agreed not to buy shares of Templeton closed-end funds or to contest Templeton's management for at least four years.

He established the Templeton mutual fund in 1954.

Some investors may be looking at Franklin's international and emerging-markets exposure through its Templeton funds group, which is focused on foreign stocks.

Templeton funds account for 46 percent of Franklin's assets.

So why didn't Franklin lower the loads on the Templeton funds instead?