Franklin Templeton Investments has added to its line-up of multi-factor strategies in the LibertyShares range with the launch of a European equity ETF.
The Franklin LibertyQ European Equity UCITS ETF will list on the London Stock Exchange on 14 September and has a total expense ratio (TER) of 0.25%.
Tracking the LibertyQ Europe Equity index, the ETF will invest in European large and mid-cap stocks selected from the MSCI Europe index, resulting in a portfolio of 115 companies.
It has a specific focus on quality and value factors while also encompassing momentum and volatility.
Caroline Baron, head of ETF sales EMEA, at Franklin Templeton, who joined from Invesco in March, said: "Following the European launch of our five smart beta ETFs last year and two active fixed income ETFs in June this year, we continue to build momentum and develop our suite of LibertyQ funds for the European market.
"For our line-up of multi-factor strategies, we target high quality companies that are attractively valued using momentum to identify investment trends and avoid value traps. We also use low volatility to help provide a defensive measure against downturns."
Franklin Templeton entered the European ETF space in September 2017 with the launch of four smart-beta equity ETFs.
The $740bn asset manager had already been listing ETFs in both the US and Canadian markets since 2016 under the LibertyShares brand, before deciding to bring the range to Europe.
Purchased for undisclosed sum
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