Why did Franklin Templeton wind up Six credit funds?

Franklin Templeton Mutual Fund, on Thursday announced it would wind up six credit funds with a large exposure to higher-yielding, lower-rated credit securities. 

Why did they do so?  The Corporate Bond markets in India are fairly illiquid.   FT schemes have got impacted because they invested in papers with low credit rating (they actively took on credit risk).

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Positioning portfolios in context of the Corona Virus (5)

As a follow up on the 2 scenarios we shared earlier on 18 March, the scenario likely to play out is perhaps something between Scenario 1 and Scenario 2 that we envisaged.   No one knows, “for sure”, the road map to normalization.   We are likely to see 2 steps forward and 1 step back approach based on “trial and error”.

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