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Templeton tailors Aussie debut fund for jump in yield

It also expects US dollar gains versus the yen and the euro
Wednesday, September 10, 2014 - 06:00

FRANKLIN Templeton Investments is designing its first bond fund focused on Australia to withstand a near one percentage point surge in the local 10-year yield.

The fund, set to start within the next two months, is targeting a return of 300 basis points more than cash rather than tracking