Franklin Templeton gets FSA approval for fixed income launches

Franklin Templeton has now launched its two new fixed income funds, as first revealed by Investment W...

Franklin Templeton has now launched its two new fixed income funds, as first revealed by Investment Week in January. The Global Total Return Bond aims for a long-term total return from income, capital appreciation and currency gains, by investing in fixed and floating rate debt securities of government and corporate issuers worldwide. It will have a diversified portfolio across a range of fixed income markets and asset classes. The Strategic Bond fund aims to deliver a regular income and a net yield of 5%. At least 80% of its assets will be invested in sterling-denominated securities (or...