Franklin Templeton is the most recent fund manager to target the growing emerging markets bond fund category with the launch of the Templeton Emerging Markets Bond Fund.
The fund’s net expense ratio ranges from 101 basis points to 179 basis points, depending on the share class. The fund will buy both corporate and government bonds.
"Economic fundamentals in many emerging markets appear to be healthier than in many developed countries, even though yields on many emerging market debt issues have recently been higher,” stated Michael Hasenstab, the fund’s lead portfolio manager.
“Additionally, credit quality and liquidity in emerging market debt have generally improved over the past decade.”