Franklin Templeton Investments has launched an absolute return fund offering UK investors access to its $900m flexible alpha bond strategy, previously only available through US- and Luxembourg-registered funds.
The Franklin Absolute Return Bond fund, a sub-fund of the firm's UK-registered OEIC, will be managed by senior vice presidents of the Franklin Templeton Fixed Income Group David Yuen and Michael Materasso. Franklin Templeton commits to diversity initiatives as group reveals 75% of top UK earners are male Investing in a portfolio of fixed and floating rate debt securities and related derivatives, it aims to provide an absolute return through a combination of income and capital growth each calendar year. The fund, which is benchmark-unconstrained, aims to provide an overall return of...
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