Franklin Templeton Investments Corp. expanded its fixed-income line-up today by introducing two new funds to meet the growing demand among Canadians for yield.

The new Bissett Canadian Core Plus Bond Fund will include the new Franklin Templeton Global Aggregate Bond Fund, along with the popular Bissett Bond Fund, to provide investors with potentially higher-yield and some long-term capital appreciation.

“Many Canadians are looking to diversify their fixed income investments by increasing their exposure to global bonds,” said Don Reed, president and CEO of Franklin Templeton Investments Corp., in a news release. “Our new Canadian Core Plus Bond fund provides investors access to global bonds, through the new Global Aggregate Bond fund, while still providing them a core Canadian bond weighting.”

The new Franklin Templeton Global Aggregate Bond Fund will invest in a combination of corporate, agency and government debt securities from numerous countries, including emerging markets; and at least 85% of the fund will be hedged back into Canadian currency.

Both new funds will draw on the expertise of the U.S.-based Franklin Templeton fixed income group who are responsible for managing over US$120 billion in assets.