Franklin Templeton: Investors 'unnecessarily' short duration

In a study of investors' attitudes towards European fixed income commissioned by the group, Franklin Templeton found 70% were concerned by duration risk and 54% said they have actively reduced their duration over the last three years. However, this is despite investors believing interest rate risk is low, with 81% of the 300 European investors surveyed not expecting the European Central Bank (ECB) to raise rates by more than 1% over the next three years. 'A potential sea change event': ECB to halve €60bn bond buying programme Commenting on the findings, David Zahn, head of European...