Beck steers fixed income vehicles back towards the dollar

Franklin Templeton fixed income co-manager ends 10-year avoidance of US dollar on Sicav and Oeic portfolios as the currency continues to gain strength

Franklin Templeton fixed income head John Beck is currently steering his portfolios towards the dollar for the first time in a decade as the currency continues to strengthen. He runs four Sicavs for the group as well as two recently launched Oeics - Strategic Bond and Global Total Return Bond - alongside Michael Hasenstab. Global Total Return Bond aims for a long-term total return from income, capital appreciation and currency gains, by investing in fixed and floating rate debt securities of government and corporate issuers worldwide. It has a diversified portfolio across a range of f...