Franklin Templeton has launched its ETF business in the UK market for the first time unveiling a smart-beta ETF suite under its brand, Franklin LibertyShares.
The $740bn asset manager has been listing ETFs in both the US and Canadian markets since 2016 under the LibertyShares brand, before deciding to bring its to Europe.
The range totals four smart-beta equity ETFs with two multi-factor ETFs with a focus on quality stocks and two income-focused funds.
The Franklin LibertyQ UCITS ETF range will enable investors to access the custom Franklin LibertyQ indices which are constructed using four factors; quality, value momentum and volatility.
Patrick O'Connor, head of Global ETFs at Franklin Templeton, said: "Our strategic goal, three years in the making, has been to build a world class global ETF platform.
"Following successful launches in the US and Canada, we are very excited to bring our Franklin LibertyShares ETF platform to Europe.
"Our first European offerings aim to help investors achieve specific investment outcomes such as strong risk-adjusted returns, lower volatility and downside protection."
Tracking the LiberyQ Global Equity SRI index, the Franklin LibertyQ Global Equity SRI UCITS ETF invests in stocks which are socially responsible with a focus on quality.
The Franklin LibertyQ U.S. Equity UCITS ETF focuses on US large and mid-caps while also having a focus on quality. It will track the LibertyQ US Large Cap Equity index.
Tracking the LibertyQ Global Equity SRI index, the Franklin LibertyQ Global Dividend UCITS ETF selects high quality stocks from across the globe. It has a dividend persistence and yield screen and a quality screen.
The Franklin LibertyQ European Dividend UCITS ETF invests in high quality stocks across developed countries in Europe. It will track the LibertyQ European Dividend index and will also have a quality screen and a dividend persistence and yield screen.
The ETFs will list on the London Stock Exchange (LSE) on Friday.
Martyn Gilbey, who recently joined Franklin Templeton as head of the UK, said: "Liberty is all about giving clients investment choices, and as UK investors look for smarter ways to get returns on their money, their investment needs have evolved.
"Many investors have already embraced the ETF wrapper for its benefits, including low cost, liquidity, tax efficiency, and transparency.
"This is a significant milestone for us and will provide clients with additional investment solutions and choices to construct their portfolios."
As part of the launch, the firm has hired BlackRock's director of beta strategies Lorenzo Crosato as ETF portfolio manager and SPDR's Rafaelle Lennox as ETF product strategist.
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