Templeton’s Hasenstab Is Doubling Down on Colombia as Bonds Soar

  • Fund is now the biggest holder of the country’s peso debt
  • Oil’s rebound has helped propel gains in Colombia’s notes

Franklin Templeton, manager of one of the world’s biggest bond funds, didn’t own any local-currency debt from Colombia six months ago. Now, it’s the single-biggest foreign holder of the notes.

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