30 de julio de 2014 / 14:48 / en 3 años

Puerto Rico weighs on Templeton funds muni bond business

July 30 (Reuters) - Franklin Resources Inc Chief Executive Gregory Johnson said Wednesday that investors made net withdrawals of $400 million from the company’s Templeton municipal bond funds during the fiscal third quarter, a trend that may continue in the short term as they fret over Puerto Rico’s chronic fiscal woes.

Johnson said ongoing headline risk around cash-strapped Puerto Rico may continue to affect municipal bond flows in the short term. He made his remarks on a pre-recorded call to coincide with the release of the company’s financial results for the three months that ended June 30. (Reporting By Tim McLaughlin)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below