Franklin Templeton has announced it will rename 13 of its ETFs in the US. This will include removing the LibertyShares, Liberty and LibertyQ naming conventions from the platform effective August 1, 2022. In addition, the firm recently announced plans to reposition and rename four index-based ETFs.
“Since we officially launched our ETF business more than five years ago, we have been very pleased with the key milestones we’ve reached in our expansion. We believe these updates will help bring clarity to our clients now that we have built out such a robust suite of offerings across both indexed and active ETFs,” says Patrick O’Connor, Head of Global ETFs.
“While we are proud of the growth and evolution of LibertyShares, we are energized by the opportunity to better leverage our firm’s more established Franklin Templeton brand. Additionally, in the U.S., we have the unique advantage of offering several ETFs from our specialist investment managers,” says Jennifer Ball, Head of US Marketing. “Ensuring we clearly articulate our offerings as we continue to expand our presence in the ETF marketplace is a priority.”
Franklin Templeton’s U.S. ETF platform includes funds managed by ClearBridge Investments, LLC, Franklin Equity Group, Franklin Templeton Fixed Income, Franklin Templeton Investment Solutions, Royce Investment Partners and Western Asset Management Company, LLC. The firm has also registered and intends to launch later this year, in connection with two mutual fund-to-ETF conversions, two new actively-managed ETFs to be managed by Brandywine Global Investment Management, LLC and Martin Currie Inc. In addition, the firm’s Global Index Portfolio Management team manages a suite of passive country- and region-focused ETFs.