Franklin Templeton's income ETFs take active approach, except for currencies

Rudy Luukko 14 May, 2018 | 9:00PM

Expanding its menu of fixed-income exchange-traded funds, Franklin Templeton Investments Canada expressed strong conviction in active securities selection but shied away from foreign-currency risk.

Franklin Liberty Global Aggregate Bond (CAD-Hedged) (symbol: FLGA), Franklin Liberty Senior Loan (CAD-Hedged) (symbol: FLSL) and Franklin Liberty U.S. Investment Grade Corporate (CAD-Hedged) (symbol: FLUI) opened for trading today on the Toronto Stock Exchange. Each will seek to hedge 90% to 100% of its foreign-currency exposure back to the Canadian dollar.

All three are managed by affiliated investment teams that are subsidiaries of parent company  Franklin Resources Inc. (BEN), whose total of about US$732 billion in assets under management includes US$164 billion in fixed-income assets.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Franklin Resources Inc17.89 USD-0.39

About Author

Rudy Luukko

Rudy Luukko  Rudy Luukko is a freelance writer who contributes to Morningstar.ca on topics involving fund industry trends and regulatory issues. He retired in May 2018 from his position as editor, investment and personal finance, at Morningstar Canada, where he had worked since 2004. He has also worked as an editor and writer for various general, specialty and institutional media, and he has co-authored courses for the Canadian Securities Institute. Follow Rudy on Twitter: @RudyLuukko.