Global deflation fears unwarranted: Franklin Templeton

Sydney

CONCERNS about global deflation are overblown and the growing US economy will help bolster financial markets in 2016, according to Franklin Templeton Investments.

The fund manager, which had about US$790 billion in assets at the end of November, sees Treasury yields climbing and expects US growth of 2 to 3 per cent next year, according to Michael Hasenstab, chief investment officer of the Templeton Global Macro team.