Franklin Templeton Investments introduced its new exchange traded funds platform in Canada, Franklin LibertyShares, on May 3. The company intends to launch two actively managed ETFs and two strategic Beta ETFs over the next weeks.
"Many Canadian investors have embraced ETFs for the benefits of intra-day trading, liquidity, tax-efficiency and transparency. We believe the future of ETF investing is in continuing to provide these foundational benefits while innovating beyond the limitations of passive investments," says Duane Green, president and CEO of Franklin Templeton Investments Canada. "These new ETFs are built on a rigorous investment approach, as they are designed by investment professionals with decades of active management and quantitative experience."
Building on its U.S. platform
"Building on the success of the US$623 million Franklin LibertyShares ETF platform in the U.S., Canada will be the second country to roll-out Franklin designed ETFs, reinforcing the firm's global commitment to this investment vehicle," Green says.
Franklin Templeton’s investment teams will be working on Franklin Liberty actively managed ETFs. "We combine robust investment research from an active manager's perspective, while maintaining the attractive benefits of an ETF structure, to provide Canadians with core and complementary portfolio holdings to meet their investment needs," said Patrick O'Connor, global head of ETFs for Franklin Templeton Investments.
The company’s first two actively managed ETFs, Franklin Liberty Risk Managed Canadian Equity ETF and Franklin Liberty Canadian Investment Grade Corporate ETF, are expected to be listed on the TSX on May 30. Its first two strategic beta ETFs, Franklin LibertyQT U.S. Equity Index ETF and Franklin LibertyQT International Equity Index ETF, are expected to be listed on the TSX June 5.