Franklin Templeton launches emerging markets debt ETF

Franklin Templeton has launched the Templeton Emerging Markets Debt ETF (TEMD).

The fund is managed by portfolio managers from the Templeton Global Macro Team including Christine Yuhui Zhu, Michael Sheehan, Vivek Ahuja, and Jaap Willems.

The hard currency ETF includes flexibility to add select local currency and EM currencies while using derivatives to help manage currency, rate and credit exposures. It invests at least 80% of its net assets in emerging market debt securities and derivatives. The fund also invests at least 50% in US dollar and euro debt issued by emerging market countries included in the J.P. Morgan EMBI Global Diversified Indexes).

Christine Yuhui Zhu, co-portfolio manager of TEMD and member of the Templeton Global Macro Team, said, "The Templeton Global Macro team has over three decades of experience navigating emerging markets and evaluating interest-rate, currency, and sovereign credit spread opportunities in this sector on a country-by-country basis. TEMD is designed to give investors a research-driven, active approach that can allocate across both the hard and local currency segments while staying disciplined about risk."

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