Franklin Templeton Investments is to launch a Templeton Emerging Markets Local Currency Bond fund, managed by Michael Hasenstab and Sonal Desai.
The fund is a sub-fund of the Luxembourg-registered Franklin Templeton Investment Funds and is expected to obtain approval from the Financial Conduct Authority (FCA) for UK investors in the next few weeks. Using a high conviction, benchmark unconstrained approach, the fund aims to maximise total investment return by investing predominately in the local-currency debt of issuers in emerging market countries. Franklin Templeton unveils new EM management line-up as Hardenberg departs The investment team will use in-depth macroeconomic and country-specific research with fundamentals-ba...
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