Templeton Global Bond (Euro) Fund

Franklin Templeton Investment Funds

Summary of Fund Objective

The Fund aims to maximise total investment return consisting of a combination of interest income, capital appreciation and currency gains by investing principally in a portfolio of fixed or floating rate debt securities and debt obligations issued by government or government-related issuers worldwide. Under normal market conditions, the Fund aims to maintain a net exposure of at least 85% to the Euro.

A risk / return approach to Fixed Income investment. The management team seeks to provide consistent risk adjusted returns by anticipating changes in the factors that determine variations in bond prices, based on value added research focusing on adjustments in country weightings and portfolio duration.

A well defined investment process. The four-step process includes the definition of fund’s objective, an in-depth macroeconomic fundamental research and analysis, a portfolio construction and yield curve / horizon analysis, and an ongoing review and analysis.

An experienced management team. The Franklin Templeton Fixed Income team is made up of experienced investment professionals. Michael Hasenstab joined the Franklin Templeton organization in 1995, and is currently vice president, director and portfolio manager of the Franklin Templeton International Fixed Income group.


Michael Hasenstab

  • California, United States
  • Years With Firm: 21
  • Years Of Experience: 25

Calvin Ho

  • California, United States
  • Years With Firm: 14
  • Years Of Experience: 15

What are the Key Risks?

The value of shares in the Fund and income received from it can go down as well as up and investors may not get back the full amount invested. Performance may also be affected by currency fluctuations. Currency fluctuations may affect the value of overseas investments.

  • The Fund invests mainly in debt securities issued by government or government-related entities in any country and in derivatives. Such securities and derivatives have historically been subject to price movements, generally due to interest rates, foreign exchange rates or movements in the bond market. As a result, the performance of the Fund can fluctuate moderately over time.
  • Other significant risks include: credit risk, currency risk, derivatives risk, liquidity risk, emerging markets risk.
For full details of all of the risks applicable to this Fund, please refer to the “Risk Considerations” section of the Fund in the current prospectus of Franklin Templeton Investment Funds.