Article
Ringgiting The Register

As fuel and food prices spiral ever higher, Malaysian bonds are attracting a record amount of foreign investment from investors such as Franklin Templeton (manager of the $10 billion Templeton Global Bond Fund), Pacific Investment Management and State Street Global Advisors, sending the ringgit to its highest level in a decade. Meanwhile, a different kind of fund with the name Templeton in it is getting hot and heavy for this year’s worst-performing currency. Place your bets.

May 2008

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