Sina US Stock News reported on the 21st, Beijing time. According to foreign media reports, the asset size of a global bond fund managed by star investor Michael Hasenstab dropped 3 billion US dollars for the second consecutive quarter, although he has changed his mind on two loss-making investments.

According to public disclosure, within the three months ending at the end of December, the total net asset value of the Templton Global Bond Fund fell from US$30 billion to US$26.9 billion. It had previously declined by a similar margin in the third quarter.

After two of his biggest investments failed miserably in August, the fund manager announced a shift to safe-haven currencies. In these two investments, one held a large amount of Argentine assets but was defaulted by Argentina; the other was holding short positions on US bonds, but the yield fell.

Templeton's flagship bond fund used to be the fund with more than twice the asset performance today, but its passive investment practices have also weakened its performance. It performed worse than nearly 90% of its peers last year, with a return of 0.6%, compared to 6.9% on US Treasury bonds.