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  • bee February 2018
Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

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Hasenstab Doubles Down On Bets Treasuries Doomed By Rising Rates

TedTed
in Fund Discussions
FYI: Michael Hasenstab has been waiting since at least 2016 for his wager on rising U.S. rates to come good. Now he’s adding to the position.

The Franklin Templeton bond chief, known for staking vast sums on conviction trades, has been loading up on wagers that protect against a spike in yields in his $38 billion flagship Global Bond Fund. The move has pushed average duration in the portfolio to the shortest on record.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-02-08/hasenstab-doubles-down-on-bets-treasuries-doomed-by-rising-rates?srnd=fixedincome

M* Snapshot TPINX:
http://www.morningstar.com/funds/XNAS/TPINX/quote.html

Lipper Snapshot TPINX:
https://www.marketwatch.com/investing/fund/tpinx

TPINX Is Ranked #33 In The (WB) Fund Category By U.S. News & World Report:
https://money.usnews.com/funds/mutual-funds/world-bond/templeton-global-bond-fund/tpinx

Comments

  • beebee
    edited February 2018
    Totally under impressed. $37.9B AUM *.093 (ER) = Management fee = ($352,470,000).

    Who's making money on this bond fund? Not the small investor.

    Just a few comparisons to TPINX vs VTBIX, DODIX, PONDX, and PTIAX.

    5 year Chart:
    image

    Performance:
    image
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