Franklin Templeton launches fixed income ETFs

Franklin Templeton Investments Canada has launched three actively managed fixed income ETFs, the company said Monday in a release.

The new ETFs are:

• Franklin Liberty Global Aggregate Bond ETF (CAD-hedged)—seeks to maximize total investment return, consisting of a combination of interest income and capital appreciation, by investing primarily in investment-grade fixed or floating-rate debt securities issued by governments, government-related entities (including supranational organizations supported by several national governments) and corporations worldwide. The management fee is 35 basis points.
• Franklin Liberty Senior Loan ETF (CAD-hedged)—seeks to provide a high level of current income while preserving capital by investing primarily in senior-secured income-producing floating rate corporate loans made to, and corporate debt securities issued by, U.S. and non-U.S. entities. The management fee is 45 basis points.
• Franklin Liberty U.S. Investment Grade Corporate ETF (CAD-hedged)—seeks to provide a high level of current income while preserving capital by investing primarily in U.S. dollar–denominated investment-grade corporate debt securities issued by U.S. and non-U.S. entities. The management fee is 35 basis points.

Along with the Franklin Liberty Canadian Investment Grade Corporate ETF, these ETFs will be managed by Franklin Bissett Investment Management, the release said.

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