Franklin Templeton Investments' Luxembourg-registered Templeton Global Bond fund has been added to Cofunds' offshore fund platform.
The move allows UK investors to access the fund's sterling-denominated distributor class shares. Managed by Dr Michael Hasenstab, senior vice-president, Franklin Templeton Fixed Income Group, the fund mainly invests in the debt obligations and securities of governments, or government-related issued worldwide. The $9.6bn fund returned 236.39% from its inception in February 1991 to 30 September 2008. Hasenstab believes global bonds can add alpha and enhance diversification in current markets, as a slowdown in global growth can be positive for bond markets. "As growth slows in many cou...
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