Hasenstab on Portfolio Construction in Volatile Markets

Positioning for an uncertain investment landscape.

    Templeton Global Macro

    Even before coronavirus and oil price shocks roiled global markets, Dr. Michael Hasenstab positioned the Templeton Global Macro strategies for an uncertain investing landscape. In this new video, he discusses the importance of portfolio diversification, potential vulnerabilities that investors should prepare for, and risk hedges he’s incorporating into portfolios.


    What Are the Risks?

    All investments involve risks, including possible loss of principal. Bond prices generally move in the opposite direction of interest rates. Thus, as the prices of bonds adjust to a rise in interest rates, the share price may decline. Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments. Investments in emerging markets, of which frontier markets are a subset, involve heightened risks related to the same factors, in addition to those associated with these markets’ smaller size, lesser liquidity and lack of established legal, political, business and social frameworks to support securities markets.

    Diversification does not guarantee profit or protect against risk of loss.

    IMPORTANT LEGAL INFORMATION

    This material is intended to be of general interest only and should not be construed as individual investment advice or a recommendation or solicitation to buy, sell or hold any security or to adopt any investment strategy. It does not constitute legal or tax advice.

    The views expressed are those of the investment manager and the comments, opinions and analyses are rendered as at publication date and may change without notice. The information provided in this material is not intended as a complete analysis of every material fact regarding any country, region or market. All investments involve risks, including possible loss of principal.

    Data from third party sources may have been used in the preparation of this material and Franklin Templeton ("FT") has not independently verified, validated or audited such data. FT accepts no liability whatsoever for any loss arising from use of this information and reliance upon the comments opinions and analyses in the material is at the sole discretion of the user. ​

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