Franklin Templeton has merged the bond teams of its subsidiaries Franklin Advisers and Fiduciary Tru...
Franklin Templeton has merged the bond teams of its subsidiaries Franklin Advisers and Fiduciary Trust Company International, creating a simple entity with assets of £73bn.
Christopher Molumphy, executive vice president and chief investment officer at the Franklin Templeton Fixed Income Group, said the Franklin Advisers and Fiduciary Trust's fixed income capabilities were complementary, so its investment strategies and the teams that manage the strategies would remain in place, assuring consistency in its investment process.
He added: "The integration of the Franklin and Fiduciary fixed income teams creates a unified, highly competitive global fixed income platform with over $130bn (£73bn) in assets , more than 100 investment professionals, a full range of fixed income strategies for the institutional and retail market and a strong performance track record."
Previously, Franklin and Fiduciary ran autonomous fixed income desks. However, Molumphy said while Franklin had strong expertise within fixed income sectors, including global bonds, investment grade credit, high yield, mortgages, tax-free and bank loans, Fiduciary had expertise in managing US and global multi-sector portfolios and emerging markets debt.
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