Foreign capital might be fleeing both Russia and the Ukraine in the wake of the Ukraine crisis and the former’s take over of the Crimea, but Franklin Templeton’s total holdings in Ukrainian dollar and euro bonds stood at $7.6bn at the end of the first quarter of 2014 – having increased by $62m over the course of the quarter. At the same time, the fund manager also sold $29m worth of Russian holdings to $1.2bn – which is also less than one-sixth the amount it has invested in Ukraine.
Read the whole article, Templeton fund snaps up a third of Ukraine sovereign Eurobonds, on Emerging Markets.
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