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About Us

Franklin Templeton Fixed Income offers a comprehensive range of European fixed income strategies, covering multiple instruments, durations, and investment approaches.

David Zahn leads our European Fixed Income team and is also Head of Sustainable Investing. He oversees the management of European fixed income strategies, as well as several globally diversified aggregate and government bond portfolios.

 

We believe the integration of ESG considerations at every step of the investment process can enable stronger potential investment performance and better, more sustainable outcomes. All our investment funds are either classified as Article 8 or Article 9 under SFDR.

David Zahn, CFA, FRM

Senior Vice President, Head of European Fixed Income

Active European fixed income management with a global perspective.

Experienced, deeply resourced team backed by Franklin Templeton's scale.

Established investment process combining bottom-up research, macro insights, quantitative analysis, and ESG integration.

Diverse alpha sources, including currency, duration, sector allocation, and security selection.

Latest Updates

David Zahn provides monthly client updates on key developments in fixed income markets and selected strategies.

Featured Funds

Franklin Euro Short Duration Bond Fund*

  • The Fund aims to preserve capital and liquidity while seeking to maximize its investment return over the medium to long term by pursuing an actively managed investment strategy.
  • It invests mainly in short-term high quality debt securities denominated in Euro issued by European sovereign issuers and European and non-European corporations.
  • An adjustable target duration of three years or less helps mitigate the risk associated with rising interest rates.
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Franklin European Total Return Fund*

  • The fund aims to maximize total returns by investing in a portfolio of fixed- and floating-rate debt issued by governments, as well as government-related and corporate issuers in Europe or in euro-denominated securities.
  • The fund benefits from a global research effort with a dedicated team of investment professionals, providing the necessary global research coverage.
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Franklin Sustainable Euro Green Bond UCITS ETF**

  • This actively managed fund aims to provide exposure to the European green bond market whilst maximizing total returns by investing mainly in bonds that are labelled green and denominated in European currencies.
  • The fund’s broad investible universe includes labelled green bonds, which are tied to projects with specified environmental benefits, and climate-aligned bonds, assisting to uncover opportunities outside of a pure green-bond market.
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*A sub-fund of Franklin Templeton Investment Funds, a Luxembourg-registered SICAV (“FTIF”)
**A sub-fund of Franklin Templeton ICAV, an Irish collective asset-management vehicle.

Resources

Impact Report 2025

Discover the Franklin Templeton Fixed Income Impact Report 2025, showcasing sustainable strategies driving measurable impact.

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Featured Insights

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13 OCTOBER 2025

Holistic Sustainability: Capturing Social Co-benefits in Green Bond Reporting

Green bonds are driving sustainability—but are we capturing their full impact? David Zahn, CFA, FRM, Head of European Fixed Income at Franklin Templeton Fixed Income, explores how reporting social co-benefits—such as the number of people helped—adds transparency and a human dimension to green finance.

30 SEPTEMBER 2025

Impact Report 2025

The Franklin Templeton Fixed Income Impact Report 2025 showcases how sustainable investment strategies are driving measurable environmental and social outcomes across global markets. This year’s report reflects the Fixed Income Sustainability team’s rigorous analysis, proprietary data tools, and commitment to holistic ESG integration.

8 SEPTEMBER 2025

Environmental safeguards for social projects—affordable housing case

Franklin Templeton Fixed Income explores the integration of environmental safeguards into social projects, particularly affordable housing. The team highlights the importance of building environmental and social co-benefits to enhance investment resilience.

Important Information

Investments entail risks, the value of investments can go down as well as up and investors should be aware they might not get back the full value invested. There is no guarantee that the funds will achieve their objective over this or any other time period. Capital invested is at risk and you may get back less than you paid in.

Franklin Euro Short Duration Bond Fund, Franklin European Total Return Fund, Franklin Euro Short Maturity UCITS ETF, Franklin Euro High Yield Fund, Franklin Euro Government Bond Fund, and Frankin European Corporate Bond Fund meet the requirements under Article 8 of the EU Sustainable Finance Disclosure Regulation (SFDR); the funds have binding commitments in their investment policy to promote environmental and/or social characteristics and any companies in which they invest should follow good governance practices.

Franklin Sustainability Euro Green Bond UCITS ETF and Franklin European Social Leaders Bond Fund meet the requirements under Article 9 of the EU Sustainable Finance Disclosure Regulation (SFDR); the funds have an objective to make sustainable investments as defined in SFDR.

Further information in relation to the sustainability-related aspects of the Funds can be found at franklintempleton.lu/SFDR. Please review all of the fund's objectives and characteristics before investing.