1. Franklin Templeton acquired Legg Mason in 2020, the largest deal in its 75-year history.
2. The acquisition was part of a plan to reposition the company for a world increasingly dominated by index-tracking products.
3. Franklin is now trying to prove that a family-run firm can still prosper in an industry dominated by behemoths such as BlackRock, Vanguard and State Street.
The article “Franklin Templeton: an old-school stockpicker tries to reinvent itself” is generally reliable and trustworthy, although there are some potential biases and missing points of consideration that should be noted.
First, the article does not explore any counterarguments or present both sides equally when discussing the acquisition of Legg Mason