Franklin Templeton Investments launched a new global bond fund that will focus on global debt, including emerging markets, a firm spokesman confirmed.
The Templeton Global High Income Bond Fund will focus on international high yield corporate bonds and is not available for investment from U.S. investors. Its debt may include both fixed and floating-rate bonds, ABS, CLOs, convertible and other securities. It may invest all of its assets in speculative-grade issues.
Eric Takaha, Betsy Hofman and Patricia O’Connor will serve as the fund’s comanagers.
The firm’s Templeton Global Income Fund has more than 91% of its assets in international fixed income and had total net assets of $1.18 billion as of June 30.
Franklin Templeton is based in San Mateo, Calif. And has more than $706 billion in assets under management.