Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News  >  Interest Rates

News : Interest Rates

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 

Bond star Hasenstab to manage new emerging local currency bond fund

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/20/2018 | 01:27pm CEST

LONDON (Reuters) - Franklin Templeton Investments has launched an emerging markets local currency bond fund under the management of high-profile investor Michael Hasenstab, the asset management firm said on Tuesday.

Hasenstab, whose flagship Templeton Global Bond Fund is celebrated for hugely successful contrarian punts on Ireland and Hungary, and Sonal Desai will be joint portfolio managers of the "Templeton Emerging Markets Local Currency Bond Fund", the group said in a statement.

Emerging market local debt has returned 4.4 percent since the start of the year, making it one of the best performing asset classes. In 2017, local currency debt returned around 14 percent. <.JGEGDCM> <.JPMGBIEMGDFR>

"Local-currency emerging markets have offered some of the most compelling investment opportunities across global fixed income markets, in our view," Hasenstab said in a statement.

Hasenstab is the CIO for Templeton Global Macro which has $124 billion under management. He has been active in local emerging debt markets before, taking substantial positions in Ghana cedi-denominated government bonds.

The new fund will be high conviction, benchmark unconstrained and seek returns from interest income, capital appreciation and currency gains, the statement said.

(Reporting by Karin Strohecker, Editing by William Maclean)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Interest Rates"
01:23aBank of England to keep rates steady, markets look for August hint
RE
06/19ECB needs big shock to reverse decision to end bond buys - Lane
RE
06/19Draghi Says ECB Could Restart Bond Buying-Program If Required -- 3rd Update
DJ
06/19Britain may issue more 50-year bonds this year, debt office chief says
RE
06/19Draghi Says ECB Could Restart Bond Buying-Program If Required -- 2nd Update
DJ
06/19Bank of England to keep rates steady as winter chill slow to lift
RE
06/18As Interest Rates Rise, Real-Estate Stocks Lose Luster
DJ
06/15ECB's Bond Buying Could Return If Economic Downturn Occurs, Official Says
DJ
06/14ECB to end bond buying but pushes out first rate hike
RE
06/14Correction to Fed Adjusts How It Raises Rates Article on Wednesday
DJ
Latest news "Interest Rates"
Advertisement