Franklin Templeton has announced that it has renamed its Dublin-domiciled ETF ICAV range offered to European investors. This entailed removing the LibertyShares, Liberty and LibertyQ naming conventions from 10 ETFs and the overall platform, effective 1 December 2022.
Hence, the UCITS range changed its name to Franklin Templeton ICAV. While the fund names changed, the investment objective and strategy of the impacted sub-funds remains unchanged.
Caroline Baron, Head of ETF Distribution, EMEA, Franklin Templeton, says: “While we are proud of the growth and evolution of our UCITS range, we welcome the new naming conventions, which are aligned more closely to Franklin Templeton’s rich 75-year history as one of the world’s largest global asset managers.”
Franklin Templeton has significantly expanded its ETF business in Europe since 2017. Today, its UCITS ETF range consists of 20 competitively priced ETFs (covering smart beta, active, passive, sustainable and most recently, thematic ETFs), which are listed across Europe’s three main stock exchanges and registered in additional seven European countries. The ETF team has also increased its footprint in Europe with 10 new hires across six markets in the last two years.
Baron continues: “In September this year, we celebrated the fifth anniversary of our UCITS ETF range and are proud of key milestones we’ve accomplished. This year alone, we launched four new ETFs for European investors, and we were pleased that Franklin Templeton was one of the top 10 ETF asset gatherers in Europe. Our ambition is certainly to be a top 10 ETF provider for European clients, and we believe we are strongly positioned for the future to grow even further in this region. Our clients value our innovative offering, which leverages the firm’s heritage as a pioneer in emerging markets and fixed income.”