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Franklin Templeton Investments Canada has launched three actively managed fixed income, the company said Monday in a release.

The new ETFs are:

  • Franklin Liberty Global Aggregate Bond ETF (CAD-hedged)—seeks to maximize total investment return, consisting of a combination of interest income and capital appreciation, by investing primarily in investment-grade fixed or floating-rate debt securities issued by governments, government-related entities (including supranational organizations supported by several national governments) and corporations worldwide. The management fee is 35 basis points.
  • Franklin Liberty Senior Loan ETF (CAD-hedged)—seeks to provide a high level of current income while preserving capital by investing primarily in senior-secured income-producing floating rate corporate loans made to, and corporate debt securities issued by, U.S. and non-U.S. entities. The management fee is 45 basis points.
  • Franklin Liberty U.S. Investment Grade Corporate ETF (CAD-hedged)—seeks to provide a high level of current income while preserving capital by investing primarily in U.S. dollar–denominated investment-grade corporate debt securities issued by U.S. and non-U.S. entities. The management fee is 35 basis points.

Along with the Franklin Liberty Canadian Investment Grade Corporate ETF, these ETFs will be managed by Franklin Bissett Investment Management, the release said.

Also read:

Franklin Templeton makes fund changes

Increasing number of Canadian institutions using ETFs

BMO launches ETF focusing on tech and new media companies

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Originally published on Advisor.ca
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