Franklin Templeton trims fees on three LibertyShares ETFs in Canada

Apr 7th, 2020 | By | Category: ETF and Index News

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Franklin Templeton has reduced the management fees charged on three Franklin LibertyShares ETFs listed in Canada.

Duane Green, President and CEO, Franklin Templeton Investments Canada.

Duane Green, President and CEO, Franklin Templeton Investments Canada.

The funds include an actively managed multi-factor ETF as well as two ETFs providing smart beta exposure to emerging market equities and global dividend payers.

Duane Green, President and CEO, Franklin Templeton Canada, commented, “We are cognizant of the market volatility and remain committed to providing Canadians competitive pricing for our ETFs.

“We are committed to providing Canadians with a range of investment solutions including active, smart beta and passive ETFs to help them achieve their desired investment outcomes.”

The Franklin Liberty Core Balanced ETF (FLBA CN) has had its management fee reduced from 0.45% to 0.30%. The actively managed fund invests in North American equity and fixed income securities while balancing long-term capital appreciation and current income.

Equity selection is driven by a proprietary multi-factor model that seeks to identify companies with growth, value, momentum, and low volatility characteristics. The fixed income portion invests in a range of debt securities including government bonds, corporate bonds, floating-rate notes, and mortgage-backed securities.

The Franklin LibertyQT Emerging Markets Index ETF (FLEM CN) has had its management fee reduced from 0.55% to 0.45%. The fund tracks the LibertyQ Emerging Markets Index.

The proprietary index selects its constituents from the MSCI Emerging Markets Index. The stocks in the parent index are given a composite score based on their exposure to four single factors, with a 50% weight given to quality, 30% to value and 10% each to momentum and low volatility.

The 25% of stocks with the highest composite factor scores are selected to become index constituents and are weighted based on a combination of market capitalization and composite factor score.

The Franklin LibertyQT Global Dividend Index ETF (FLGD CN) has had its management fee reduced from 0.45% to 0.30%. The fund is linked to the LibertyQ Global Dividend Index.

The index draws stocks from a universe of companies with high and sustainable dividend income and listed in developed and emerging markets. The index selects the 100 securities with the highest exposure to the quality factor and weights constituents by the product of their market capitalization and quality score.

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