Templeton Global Bond

Citywire Selection Verdict: This is a global bond fund with an emerging market slant. Manager Michael Hasenstab is a fervent believer that those countries with the strongest fundamentals, be that debt or growth, are in a superior position to the indebted West. The long-term performance of this colossal fund show that he has been proven right. The makeup of the fund means that at times the performance may differ from the market, but when losses have come they have been less severe than his peers. This is a halfway house for those who wish to dip their toe in emerging market debt and currencies.