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
Clime Investment Management has welcomed an independent director to its board, which follows a series of recent appointments at the company.
Ethical investment manager Australian Ethical has cited the ongoing challenging market environment for its modest decrease in assets over the latest quarter.
Commentators have said Australian fund managers are less knowledgeable compared with overseas peers when it comes to expanding their range with ETFs and underestimating the competition from passive strategies.
VanEck is to list two ETFs on the ASX next week, one investing in residential mortgage-backed securities and the other in Indian companies.
