Templeton's Hasenstab praises Ukraine government's crisis response

BOSTON Thu May 22, 2014 10:08am EDT

BOSTON May 22 (Reuters) - Templeton Global Bond Fund's manager said on Thursday he was "more excited" about Ukraine now than he was a year ago, and praised the country's interim government for doing "an exceptional job" using the crisis to make changes like civil service reforms.

The comments by Michael Hasenstab, whose $70 billion fund held 5 percent of its assets in Ukraine infrastructure and government securities at March 31, reiterated his past views about Ukraine's outlook. He spoke Thursday at an investor conference run by the fund's parent company, Franklin Resources Inc, which was webcast. (Reporting by Ross Kerber; Editing by Jeffrey Benkoe)

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Comments (2)
CanRus wrote:
Good to see someone saying something positive about the Ukrainian interim government, among the ocean of Kremlin-controlled hate propaganda. They may not be perfect, but considering the crazy conditions they have to work under, they’re doing a pretty good job. I wouldn’t want to be in their shoes for all the money in the world.

May 22, 2014 11:13am EDT  --  Report as abuse
sparks123 wrote:
What else can Hasenstab say. His funds have taken a beating! I’m glad I’m not a shareholder. Hasenstab isn’t as good as Franklin pumps him up to be.

May 22, 2014 12:22pm EDT  --  Report as abuse
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