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Franklin Templeton’s Hasenstab Sees Buying Opportunity in Bonds, Currencies

currency imageBy Min Zeng

Bond fund manager Michael Hasenstab said battered emerging-market bonds and currencies present a buying opportunity after a frenzied selloff in May and June.

Mr. Hasenstab, manager of the $70.1 billion Templeton Global Bond Fund (TPINX) at Franklin Templeton Investments, said concerns that a pull back by the Federal Reserve of monetary stimulus will undermine the growth of emerging-market nations are overblown. Continue reading