TORONTO, May 4, 2020 /CNW/ - Franklin Templeton Canada today announced the launch of Franklin Global Aggregate Bond Fund to make it easier for financial advisors and investors to access its popular global investment grade bond ETF in a mutual fund structure. The new fund will invest directly in Franklin Liberty Global Aggregate Bond ETF (CAD-Hedged) (FLGA), which provides exposure to government, sovereign and corporate bonds, with a Canadian dollar currency hedge.
"Canadians are searching for yield in this low interest rate environment," said Duane Green, president and CEO, Franklin Templeton Canada. "Our global aggregate bond strategy is focused on providing yield and global diversification that advisors and investors need for their fixed income portfolios, now in either a mutual fund or ETF structure, at a low cost."
Franklin Global Aggregate Bond Fund invests in Franklin Liberty Global Aggregate Bond ETF (CAD-Hedged), which combines top-down macro views and bottom-up analysis to find the best fixed income investment opportunities in the developed and emerging markets. The Franklin Global Aggregate Bond strategy seeks to add value by identifying and exploiting market inefficiencies in debt markets, while employing a disciplined risk management process to protect assets.
The Franklin Global Aggregate Bond strategy is co-managed by Franklin Templeton Fixed Income portfolio managers, including Sonal Desai, CIO, EVP and portfolio manager, and John Beck, director of fixed income for London, SVP and portfolio manager, who draw on the expertise of Franklin Templeton Fixed Income's team of over 145 dedicated investment professionals globally. Franklin Templeton Fixed Income has over US$145 billion in assets under management.
"FLGA has been one of our most successful ETFs," Green added. "Advisors have been asking for this core global fixed income solution in a mutual fund structure, so we've added it to our actively managed suite of domestic and global fixed income offerings."
About Franklin Templeton
Franklin Templeton Investments Corp. (known as Franklin Templeton Canada) is a subsidiary of Franklin Resources, Inc. [NYSE:BEN], a global investment management organization operating as Franklin Templeton. Franklin Templeton's goal is to deliver better outcomes by providing global and domestic investment management to retail, institutional and sovereign wealth clients in over 170 countries. Through specialized teams, the company has expertise across all asset classes, including equity, fixed income, alternatives and custom multi-asset solutions. The company's more than 600 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With employees in over 30 countries, the California-based company has more than 70 years of investment experience and over US$580 billion (over C$816 billion) in assets under management as of March 31, 2020. For more information, please visit franklintempleton.ca.
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For further information: Media Contact: Sarah Kingdon, Corporate Communications, Franklin Templeton, 416.957.6191, [email protected]