Franklin Templeton Investments today launched a Euro short duration bond fund that will invest in short-dated fixed and floating-rate debt securities and debt obligations of investment grade corporate and sovereign issuers located within the Eurozone.

The fund will have some flexibility to invest outside the Eurozone, and across sectors, according to a company press release.  It may also purchase securitized debt and certain financial derivative instruments including index-based financial derivatives, credit default swaps and currency forwards.

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