Franklin Templeton forays into fixed income
Franklin Templeton Investments Australia has appointed two Australian fixed income specialists to its local investment team.
The firm hired Chris Siniakov as managing director, fixed income, and Andrew Canobi as director, fixed income to its local investment team.
The firm announced it will create a range of local absolute return fixed income solutions for the Australian market.
The appointments come as the firm looks at bringing positive returns with low correlation to growth assets through its fixed income strategies. The team will especially be focusing on macro strategies and targeting securities with real yields and liquidity.
"Diversification across investment capabilities and market segments is an important part of our long-term business strategy," managing director Maria Wilton said.
"Following the acquisition of Australian equity manager Balanced Equity Management in 2011, we are very pleased to be able to add a local fixed income capability, which we believe will be important to meeting the demands of our clients and address the growth opportunities we are seeing."
Siniakov and Canobi have 20 years' experience in fixed income portfolios. Siniakov was previously head of fixed income Asia Pacific at Deutsche Asset & Wealth Management.
Canobi also worked there as director and senior portfolio manager, global fixed income. He headed the Australian investment team responsible for the management of institutional fixed income investment portfolios.
Recommended for you
Several wealth management companies have been shortlisted in the second annual Australian AI Awards program, which champions individuals and organisations pioneering Australian AI innovation.
Women are expected to inherit US$124 trillion through the intergenerational wealth transfer, but Capital Group has found they are twice as likely to rely on social media for advice over a financial adviser.
Challenger Investment Management has raised $350 million during the offer period for its new ASX-listed investment structure.
A week after Lonsec downgraded multiple funds from Metrics Credit Partners, rival research house Zenith Investment Partners has opted to retain its ratings for the same funds.
