TORONTO, July 8, 2019 /CNW/ - Franklin Templeton Canada today announced the launch of two new active fixed income ETFs – Franklin Liberty Core Plus Bond ETF (FLCP) and Franklin Liberty Short Duration Bond ETF (FLSD) – which will invest directly in Franklin Bissett mutual funds, Franklin Bissett Core Plus Bond Fund and Franklin Bissett Short Duration Bond Fund, respectively.
"Investors are looking for actively managed fixed income to provide stability in their portfolios," said Duane Green, president and CEO, Franklin Templeton Canada. "Now they can access the compelling, risk-adjusted returns of our Franklin Bissett fixed income mutual funds in either an ETF or mutual fund structure depending on what works best for their portfolio."
Franklin Liberty Core Plus Bond ETF (FLCP) invests in series O of Franklin Bissett Core Plus Bond Fund, which seeks to provide high current income and some long-term capital appreciation through exposure to primarily Canadian fixed income securities, including federal and provincial government and corporate bonds, debentures and short-term notes. The fund is co-managed by Tom O'Gorman, SVP and director of fixed income, Franklin Bissett, and Darcy Briggs, SVP and portfolio manager, Franklin Bissett, who have 29 and 25 years of industry experience, and eight and 14 years with the firm, respectively. The management and administration fees total 55 bps.
Franklin Liberty Short Duration Bond ETF (FLSD) invests in series O of Franklin Bissett Short Duration Bond Fund, which seeks to provide income and preservation of capital through exposure to primarily Canadian fixed-income securities, including federal and provincial government and corporate bonds, debentures and short-term notes. The fund is co-managed by Darcy Briggs and Adrienne Young, VP and director of credit research, Franklin Bissett. Young has 24 years of industry experience and four years with the firm. The management and administration fees total 40 bps.
With approximately C$6 billion in assets under management, Franklin Bissett's fixed income team provides investors with Canadian fixed income expertise, grounded in a global perspective. The team focuses on Canada with potential for enhanced returns through global diversification, managing multi-sector, credit and duration-targeted strategies.
Franklin Templeton's employees will gather to ring the Toronto Stock Exchange's opening bell today to celebrate the listings of the new active fixed income ETFs.
Franklin LibertyShares, Franklin Templeton's global ETF platform, enables investors to build portfolios aligned to their goals with a range of active, smart beta and passive ETFs. Supported by the strength and resources of one of the world's largest asset managers, the global ETF platform has US$4 billion in assets under management as of June 30, 2019. For more information, please visit franklintempleton.ca/etf.
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 approximately US$695 billion (C$939 billion) in assets under management as of May 31, 2019. For more information, please visit franklintempleton.ca.
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