TEMPLETON'S savings plan is designed to provide maximum flexibility for an investor to accumulate assets, says Marea Kong, marketing services manager. At any one time, a customer may choose to vary the investment, to suspend investment temporarily, or to terminate the plan. Investments are subject to a US$500 minimum. The monthly minimum instalments are HK$1,000 or US$100 per fund, with payments by autopay or banker's order. Customers can invest in equity or bond funds globally or regionally and can switch between funds. There is also a competitive sales charge structure and discounts on investments for larger monthly contributions. The Templeton Global Strategy Funds, established in November 1990, provide an opportunity to access all areas of investment expertise through a single investment vehicle. There is a wide choice of separate portfolios, encompassing most investment objectives from preservation of capital to growth. 'The fund with the best performance at the moment is in Latin America; their stock market is good,' she said. There are two charge structures to the regular savings plan. The first is A shares with an initial sales charge of 5.5 per cent applied to all purchases in the plan. It may be lower according to the amount of the monthly investment. Investors who maintain or increase their investment for three years receive an additional discount of 1 per cent on each investment thereafter. Investment into B shares is effected with no initial sales charge. Shares are purchased at their net asset value prices. In the event of redemption of shares there is a deferred sales charge (maximum 4 per cent of the amount invested or net asset value, whichever is lower) applicable on shares purchased within four years before the redemption date. The funds also pay the investment managers an annual management fee. On A shares it is a variable amount, subject to the sub-fund selected, not exceeding 1.75 per cent a year. The fee on B shares is 1 per cent higher. B shares are only available for six of the Templeton Global Strategy Funds. There are two funds open to investment with the savings plan. The Global Growth Fund invests in stocks worldwide and seeks long-term capital growth. The Emerging Markets Fund seeks long-term capital growth by investing in the emerging markets. Ms Kong explained: 'In the Asia- Pacific region we have the Asian Growth, Asian Small Companies, China, India, Japan, Korea and Thailand funds.' An investor can, however, select any of the funds within the Global Strategy funds range.