Michael Hasenstab interview: the benefits of investing outside the benchmark
The portfolio manager at Franklin Templeton explains why diversification from the G-3 currencies has reaped rewards for the Templeton Global Bond Fund, and why the emerging markets rally still has legs.
Over the past decade, Franklin Templeton’s Global Bond Fund has consistently outperformed the rest of the market by veering away from indebted advanced economies and diversifying into transition economies with solid debt dynamics.
Much of the thinking behind the strategy comes from Michael Hasenstab, a senior vice-president and co-director within Franklin Templeton’s fixed income group, based at the company’s headquarters in San Mateo, California. Hasenstab joined Franklin Templeton in 1995, and
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