Despite Recent Difficulties, Hasenstab Still Golden
Templeton Global Bond has suffered weak performance lately, but we're maintaining the fund's gold rating, says Morningstar's Karin Anderson.
Karin Anderson: Gold-rated Templeton Global Bond Fund has had a difficult time lately. It was down about 4% in 2015 and it's down nearly 2% so far this year. I'm going to talk about some of the reasons why we're standing by our Gold rating.
First of all, we really like the team behind this fund. It's led by Michael Hasenstab and he has a really excellent support staff and comanager Sonal Desai and six experienced analysts and traders. And what they do is they look around the world for government bonds, quasi-sovereign bonds, and they really aim to be early and hang on to those bonds as their top-down thesis plays out. So, for a long time the focus has been on emerging-markets bonds and currencies. So, that makes this fund a good deal riskier than most funds in the world bond category.
Karin Anderson does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.
Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.
We’d like to share more about how we work and what drives our day-to-day business.
We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.
How we use your information depends on the product and service that you use and your relationship with us. We may use it to:
To learn more about how we handle and protect your data, visit our privacy center.
Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.
To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.
Read our editorial policy to learn more about our process.