Franklin awarded with Global Aggregate mandate
Franklin Templeton Investments has been awarded a Global Aggregate fixed income mandate worth more than $200 million from Advance AssetManagement, the specialist investment management arm of St George Group.
John Beck, the co-director of Global Fixed Income with Franklin Templeton Income Group will manage the mandate. Franklin’s fixed income team manages more than $150 billion in assets.
The general manager of distribution for Franklin Templeton in Australia, Adam Quaife, said they were looking forward to working with Advance in helping them with their fixed income investment objectives.
“We’re delighted to be awarded this mandate by Advance, with reflects an increasing awareness of Franklin Templeton’s Fixed Income capabilities,” he said.
The Global Aggregate mandate is a multi-sector global fixed income portfolio that invests in corporate, securitized, and government sectors.
The executive vice president and chief investment officer for Franklin Fixed Income Group said “The Global Aggregate fixed income approach allows us to pursue diversified sources of alpha across securities, sectors and global markets in our aim to add value to the portfolio for Australian Investors.”
Recommended for you
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.
Private market secondaries manager Coller Capital has unveiled a new education platform to improve advisers’ and investors’ understanding of secondaries.
