AMWatch

Franklin Templeton is betting on Europe’s high-yield bank bonds

Franklin Templeton is betting on a rally in financial and industrial bonds in Europe, as it seeks out returns amid ever-tightening credit spreads.

"The asset manager is also overweight in periphery euro-area nations, mainly Italy, due to expectations for further spread compression over the next six to 12 months, he said. | Photo: Thomas Borberg

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