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Franklin Templeton launches Euro short duration bond fund
by Chris Sloley on Feb 21, 2014 at 10:44
Commenting on the average duration involved in the fund, Zahn said it will target around two years, although he stressed this is not a constraint if circumstances change.
‘That is not a restrictive position, as we can shorten duration further if we feel we are more negative on rates or go out further if we become more positive. There is no stated boundary – the investable universe is out to five-year maturity.’
Zahn said the fund, as well as the recruitment of MacPhee, marked a significant strengthening of the European fixed income operations, which he took as head of in April 2013.
‘This really is the last building block to have in our European fixed income fund range which currently includes a money market fund up through to a total return fund, an investment grade bond fund and a high yield bond fund.’
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