Franklin Templeton fills product gap with bond fund

Luxembourg-on mapFranklin Templeton Investments has launched a Luxembourg-domiciled Ucits fund investing in short-dated fixed and floating-rate debt securities and debt obligations of corporate and sovereign issuers in Europe. David Zahn, head of European fixed income and lead portfolio manager, will co-manage the Franklin Euro Short Duration Bond Fund with Rod MacPhee, research analyst and portfolio manager. The duo will focus on investments rated investment grade or, if unrated, comparable quality. While the main investment universe is the Eurozone, they will have some flexibility to invest outside it and across sectors. The fund’s mandate permits the purchase of securitised debt and certain financial derivative instruments, including index-based financial derivatives, credit default swaps and currency forwards. Jamie Hammond, managing director, Europe, says it “will fill a natural product gap” in Franklin Templeton’s European fixed income product range. ©2014 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.