Franklin Templeton launches global currency fund for Hasenstab and Desai

Benchmark unconstrained approach

Daniel Flynn
clock • 1 min read

Franklin Templeton Investments has launched a global currency fund for Templeton Global Macro Group's Michael Hasenstab and Sonal Desai.

The Templeton Global Currency fund is a sub-fund of the Luxembourg-registered Franklin Templeton Investment Funds range. It will use a benchmark unconstrained approach to maximise returns by investing predominately in securities and instruments offering long or short exposure to currencies of any country, including developed and developing markets. Franklin Templeton reduces AMC on three UK equity funds The fund will be managed by California-based Michael Hasenstab (pictured), executive vice president and chief investment officer of the $130bn Templeton Global Macro Group, and Sona...

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