Franklin Templeton Orienting ETF Business, Renames More Funds
Posted on 07/11/2022
Franklin Templeton (parent company Franklin Resources, Inc.) announced it will rename 13 of its ETFs in the U.S. This will include removing the LibertyShares, Liberty and LibertyQ naming conventions from the platform effective August 1, 2022. In addition, the firm recently announced plans to reposition and rename four index-based ETFs. Franklin Templeton launched its ETF business more than five years ago.
Franklin Templeton’s U.S. ETF platform includes funds managed by ClearBridge Investments, LLC, Franklin Equity Group, Franklin Templeton Fixed Income, Franklin Templeton Investment Solutions, Royce Investment Partners and Western Asset Management Company, LLC. The firm has also registered and intends to launch later this year, in connection with two mutual fund-to-ETF conversions, two new actively-managed ETFs to be managed by Brandywine Global Investment Management, LLC and Martin Currie Inc. In addition, the firm’s Global Index Portfolio Management team manages a suite of passive country- and region-focused ETFs.
With more than 50 ETFs offered in the U.S., Franklin Templeton provides solutions for a range of market conditions and investment opportunities through active, smart beta, and passively managed ETFs. The firm’s global ETF platform has approximately US$ 12 billion in assets under management as of June 30, 2022 versus over US$ 4.5 billion AUM at January 31, 2020.
