Franklin Templeton launches Global Aggregate Bond Fund

property/australian-market/

15 November 2012
| By Staff |
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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.

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