Franklin Templeton has launched three active fixed income ETFs.
The Franklin Sustainable Euro Green Sovereign, Franklin Sustainable Euro Green Corp 1-5 Year and Franklin Euro IG Corporate are all UCITS offerings.
The new funds will be managed by Franklin Templeton’s European fixed income team, headed up by David Zahn.
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The total expense ratios (TER) are 0.18% for Franklin Sustainable Euro Green Corp 1-5 Year and Franklin Sustainable Euro Green Sovereign, and 0.15% for Franklin Euro IG Corporate.
The new funds bring the asset manager’s total number of active ETFs to six.
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The launches also mean that 13 of the firm’s ETFs are now classified under SFDR as Article 8 or 9.
Zahn commented: “Having launched the first active European green bond ETF over four years ago, we continue to see significant growth opportunities, with Europe remaining a cornerstone in the global green bond market with cumulative issuance totalling €331bn last year.
“The launch of the Franklin Sustainable Euro Green Sovereign UCITS ETF and the Franklin Sustainable Euro Green Corp 1-5 Year UCITS ETF continue to expand our Green bond offering to better address client needs.
“Our new green bond strategies seek to generate attractive risk-adjusted returns while providing liquidity to projects with environmental benefits.”
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