A hyperlink simply takes the user to the target. It is not the same as double-clicking on a template.
You can create a macro either by recording or writing it to create a new document based on the template. You can further use a MacroButton field to run the macro. It can be formatted as a hyperlink.
The first step in the macro, though, should be to collapse the selection because when a macro-button field is clicked on, the field is selected.
It will require a double-click to activate unless you set the option for a single-click.
Here is more on these fields: