Franklin Templeton extends SICAV range

Global Absolute Return is co-managed by New York-based Robert Waldner, senior vice president and London-based John Beck, co-director. It seeks to invest in fixed income and derivative instruments with the objective of achieving a positive absolute return in excess of the US dollar LIBOR rate by 180 basis points per annum. It may also invest in global bond and currency markets, allowing for diversification into non-correlated markets. The fund carries an initial charge of 3pc and an annual management charge of 1pc. Commission is set at 2.10pc with trail at 0.5pc. Strategic Income is co-m...