Hasenstab: This market offers no extreme outlier opportunities

'This market offers no extreme outliers'

Franklin Templeton's CIO for global bonds discusses the recent turmoil in Ukraine, why he is diversifying away from US debt, and where he sees opportunities now.

As CIO, global bonds for Franklin Templeton Fixed Income group, Michael Hasenstab is responsible for $185bn (£110bn) of AUM. For UK investors, Hasenstab’s £23bn Global Bond SICAV and his £264m Global Total Return Bond OEIC represent his two most high-profile portfolios. Hasenstab has made headlines in recent years for his contrarian calls on a number of sovereign bond markets, such as Ireland, Hungary, and Ukraine – not least because the size of his positions means he often dominates those markets in which he invests. The first two of these calls paid off as European economies recover...