Franklin sets up global fixed income group

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...