Franklin Templeton has expanded its active fixed income ETF lineup with the launch of its Franklin Liberty US Core Bond ETF (FLCB ) today on NYSE Arca. This fund seeks to provide investors with diversified core fixed income exposure.
FLCB is an active ETF seeking total return through the bottom-up fundamental bond selection and top-down sector allocation.
Additionally, FLCB will be seeking a tracking error of 50-100 basis points to the Bloomberg Barclays US Aggregate Bond Index.
“We believe active management is critical for achieving long-term returns and managing investment risk, particularly in multi-sector investment grade fixed income,” said Patrick O’Connor, global head of ETFs for Franklin Templeton. “We are thrilled to launch FLCB, which can serve as a core, building block allocation in an investor’s portfolio.”
The Franklin Templeton research teams for quantitative and fixed income review issuers and assess risks from many perspectives. The result is an all-inclusive viewpoint on each potential investment.
David Yuen, SVP, head of quantitative and multi-sector strategies, Amy Cooper, VP, portfolio manager, Patrick Klein, SVP, portfolio manager, multi-sector strategies, and Tina Chou, VP, portfolio manager with Franklin Templeton Fixed Income Group will manage FLCB.
“The investment team has chosen to manage this fund with a low tracking error to the Bloomberg Barclays U.S. Aggregate Bond Index but has the flexibility to derive alpha through active sector allocation and security selection, providing a truly active core fixed income ETF,” added O’Connor.
This article originally appeared on ETFTrends.com
