Franklin Templeton launches Global Aggregate Bond Fund
Franklin Templeton Investments Australia has launched a new product into the Australian market - the Franklin Templeton Global Aggregate Bond Fund.
Announcing the launch this week, it said the new global fixed income fund would complement its existing range of higher alpha-seeking, benchmark-unaware global fixed income strategies.
It said the product would sit at the more defensive end of the risk/return spectrum and would principally invest in fixed or floating rate debt securities issued by governments and corporations worldwide.
The company said the fund could have up to a 20 per cent tactical allocation to high yield, bank loan and emerging market credits, based on relative value between fixed income sectors at any given time.
The fund was launched with an initial seed investment of $39.5 million from one of Franklin Templeton's existing clients, with additional funds expected later this year.
Recommended for you
As advisers risk losing two-thirds of FUA during the $3.5 trillion wealth transfer, two co-founders underscore why fostering trust with the next generation is vital to retaining intergenerational wealth.
As advisers seek greater insights into FSCP determinations, what are the various options considered by the panel and can a decision be appealed?
Amid the current financial adviser shortage, advice firm Link Wealth is looking to expand its financial literacy program for high school students across the country.
TAL Risk Academy has updated its range of ethics courses to help financial advisers meet their CPD requirements following adviser feedback, including interpreting FSCP determinations.
