Franklin Templeton has expanded its active ETF lineup for US investiors with the addition of its ninth active fixed income ETF offering, Franklin Liberty US Treasury Bond ETF (FLGV).
Franklin Templeton has expanded its active ETF lineup for US investors with the addition of its ninth active fixed income ETF offering, Franklin Liberty US Treasury Bond ETF (FLGV). FLGV seeks income by investing primarily in Treasury bonds, bills and notes, and investments that provide exposure to direct obligations of the US Treasury.
“The launch of FLGV further exemplifies our steadfast belief that active management is critical to achieving investor goals in fixed income,” says Patrick O’Connor, global head of ETFs for Franklin Templeton. “Franklin Templeton Fixed Income has engineered a seamless active quant approach—where portfolio managers, analysts, traders and data scientists work as one team to create a synergistic loop between quantitative and fundamental analysis. We believe marrying our time-tested fundamental expertise and data science insights gives us a competitive edge in navigating challenging investment environments to best serve our clients.”
FLGV is managed by Patrick Klein, senior vice president, portfolio manager, and Warren Keyser, senior vice president, portfolio manager, and is listed on NYSE Arca. FLGV adds a Treasury-bond focused option to Franklin LibertyShares’ active fixed income ETF lineup.
“With FLGV, we are investing primarily in Treasuries across the entire maturity spectrum, for investors looking to generate income in their portfolios without taking on corporate credit risk,” says Klein. “We have chosen to manage this fund with a low tracking error to the Bloomberg Barclays US Treasury Index, but we still retain flexibility to drive alpha, primarily through duration and yield curve positioning and with selective, limited allocations to US Treasury Inflation Indexed Notes (TIPS), US Agency Mortgage Backed Securities, and other US Government and Agency Guaranteed Securities.”