Franklin Templeton Launches New Currency Fund, Hasenstab Heads up

[kreslik.news]

The Luxembourg-registered Franklin Templeton Investments, one of the world’s largest asset management groups, has launched a new global sub-fund appealing to investors seeking absolute return strategies under the name ‘Templeton Global Currency’.

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Using a benchmark unconstrained approach, the new currency fund will aim to take advantage of the “inefficient” nature of global currency markets using instruments offering long/short exposure to currencies of any country, including developed and developing markets. The ongoing fee for the Luxembourg-domiciled fund is expected to be around 1.35 percent.

The fund’s portfolio managers include Michael ... (read more)