July 1, 2003 — Franklin Templeton reopened its $219.3 million Franklin MicroCap Value Fund (FRMCX) to investors, effective June 30.
The fund has been closed since late January 2002.
“We are finding good businesses at attractive prices among the microcaps, and we’re fully invested,” said Bruce Baughman, the fund’s portfolio manager, in a press release. “For that reason, we think it’s in our shareholders’ interest to reopen the fund to new investors.”