Franklin Templeton Canada announced Nov. 15 that it will terminate the Franklin Templeton Canadian Large Cap Fund on or about Jan. 17, 2020.

The fund was created as an investment option for certain Franklin Templeton portfolios. The portfolio management team for these portfolios decided to allocate their investments to other investment funds, explained the company.

Since the close of business on Nov. 15, the fund ended distribution of its units to new and current investors. “Any investor who prefers to switch into any of Franklin Templeton's other funds or to redeem their investment ahead of the fund's termination date is advised to work with their financial advisor to submit their instructions on or before January 16, 2020,” said Franklin Templeton.