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Legg Mason Western Asset Asian Opportunities Fund

On 12 August 2010 at Marina Mandarin, Legg Mason Western Asset launched its latest Asian Bond in local currencies fund – Asian Opportunities Fund.  Western Asset Management is the fund house specialize only on bond.  It has US$457 billions of asset under managed as at 30 Jun 2010.

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AllianzGI US High Yield Fund

Allianz Global Investors, one of the world’s largest asset management with AUM of USD2.04 trillion, is launching a new fund targeting ‘high yield’ bond. The fund manager is Douglas G. Forsyth. It is probably the first and only Singapore dollar hedged high yield fund. This will be a new set up fund because the original fund is US domiciled, i.e. not available to non-US citizens.

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FTIF-Templeton Global Bond SGD Hedged

Franklin Templeton has launched a Singapore Dollar hedged version of Global Bond fund for its underlying fund (the mother fund) - FTIF Global Bond fund which is denominated in USD. There is a SGD unhedged version which was launched earlier this year.

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FTIF-Templeton Global Bond and Global Total Return

Both FTIF – Templeton Global Bond and FTIF – Templeton Global Total Return fund are managed by Dr Michael Hasenstab, who won Morningstar Inc.’s world-bond category. As indicated in my earlier article, the different between the two funds is that: Global Bond is pure sovereign bond; Global Total Return is 70% sovereign and 30% corporate – that explained why the performance of both funds are identical to each other.

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FTIF-Templeton Global Bond Fund

FTIF Templeton Global Bond Fund seeks to maximize total return consisting of a combination of interest income, capital appreciation and currency gains, by investing in fixed income securities worldwide. The current fund size is US$10.7 billion. The total AUM of Franklin Templeton as of 31 March 2008 is US$155 billion.

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