Templeton Global Currency Fund

Franklin Templeton Investment Funds

Summary of Fund Objective

The Fund seeks to maximise return by capitalising on global currency opportunities through both long and short positions by primarily investing in securities and instruments offering exposure to currencies of any country, including developed and developing markets.

Investor Profile

Considering the investment objectives, as stated above, the Fund may appeal to Investors looking to:

  • investments offering exposure to currencies worldwide
  • invest for the medium to long term

Michael Hasenstab: The Impact of Rising US Treasury Yields

Michael Hasenstab, Templeton Global Macro, on the impact of a sharp rise in US treasury yields on developed and emerging market investing. 

"If you have a three month time horizon, emerging market investing is very difficult. If you have a couple of years horizon, you can exploit these panic sell-offs that are not fundamental in nature."

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MANAGEMENT

Michael Hasenstab

  • California, United States
  • Years With Firm: 20
  • Years Of Experience: 24

Calvin Ho

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

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 principally in securities offering exposures to currencies of any country, in debt securities of any maturity or quality and has the ability to actively use financial derivative instruments. Such investments have historically been subject to price movements due to such factors as general sudden changes in interest rates, changes in the financial outlook or perceived credit worthiness of securities issuers, or fluctuations in currency markets. As a result, the performance of the Fund can fluctuate over time.
  • The Fund may distribute income gross of expenses. Whilst this might allow more income to be distributed, it may also have the effect of reducing capital.
  • Other significant risks include: counterparty risk, credit risk, currency risk, derivatives risk, emerging markets risk, liquidity 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.