Fund Manager: Laura Burakreis, Franklin Templeton Investments
Rating: A rated
Emerging markets specialist Laura Burakreis of Franklin Templeton is our rising star for this month as she achieves a A rating for May up, which is up from her Citywire + rating from April.
The Templeton Emerging Markets Bond fund currently has $5.17 billion of assets and is co-managed by Michael Hasenstab, who has been managing the fund since 2002. Burakreis joined as co-manager of the fund in January 2010.
The fund invests in emerging or developing market corporate or sovereign debt. Relative to its own benchmark, the JP Morgan EMBI Global Index, the fund is largely overweight in Brazil by 7%, in Argentina by 6%, and in Ghana by 10%.
Burakreis and Hasenstab are slightly less certain about Mexico as the fund is underweight by 7%. In terms of currency, the benchmark is 100% USD compared to the portfolio which holds 39% USD, 21% Mexican peso, 13% Brazilian real and is short the euro and Japanese yen by 16% and 18%, respectively.