Canadian fixed income team provides local
expertise grounded in the global perspective of Franklin Fixed
Income that has over US$200 billion
in AUM
TORONTO, April 8,
2024 /CNW/ - Franklin Templeton Canada today
announced the expansion of its active fixed income ETF suite with
the Toronto Stock Exchange (TSX) listing of a new ETF series of
Franklin Canadian Government Bond Fund, which will have the ticker
FGOV. FGOV provides high-quality Canadian government bond exposure
to investment advisors and investors, with the added benefit of
active allocation at a low cost.
"We are focused on providing investment advisors and investors
with a robust variety of fixed income options to help position
their portfolios across interest rate environments,"
said Ahmed Farooq, SVP, head
of Retail ETF Distribution, Franklin
Templeton Canada. "Looking to when interest rates are
eventually cut, FGOV is well positioned to provide a high-quality,
longer duration investment that is actively managed by our fixed
income team for only a 20-basis point fee."
Franklin Canadian Government Bond Fund seeks current income,
liquidity and modest capital appreciation by investing primarily in
bonds issued by Canadian federal, provincial and municipal
governments and government agencies, mortgage-backed securities and
real return bonds.
Andrew Ashton, head of
Americas (ex-US) Distribution and chairman of Franklin Templeton Canada, added: "We
remain committed to bringing the best fixed income capabilities
from our specialist investment managers – like Franklin Fixed
Income – to support investment advisors with solutions that help
provide better investment outcomes for their clients."
Franklin Canadian Government Bond Fund is co-managed by
Darcy Briggs, SVP, portfolio
manager, and Brian Calder, VP,
portfolio manager and senior trader, with Franklin Fixed Income's
Canadian team, who have 29 and 24 years of industry experience,
respectively.
Franklin Fixed Income's Canada team focuses on investing in
Canadian fixed income with the potential for enhanced returns
through global diversification, managing multi-sector, credit and
duration-targeted strategies. The team actively manages a continuum
of fixed income ETFs on existing mutual fund mandates, including
Franklin Bissett Core Plus Bond Fund (FLCP), Franklin Bissett
Corporate Bond Fund (FLCI), Franklin Bissett Short Duration Bond
Fund (FLSD) and Franklin Bissett Ultra Short Bond Fund (FHIS).
For investment advisors and investors wanting to complement
their Canadian fixed income exposure, Franklin Templeton Canada offers Franklin
Brandywine Global Sustainable Income Optimiser Fund (FBGO),
Franklin Global Core Bond Fund (FLGA) and Franklin Western Asset
Core Plus Bond Fund (FWCP). For more information on these ETFs,
please visit franklintempleton.ca/etf.
Franklin Templeton employees will
gather to ring the TSX's opening bell on April 11, 2024, to celebrate the listing of
FGOV.
About
Franklin Templeton
Franklin Resources, Inc. [NYSE:BEN] is a global investment
management organization with subsidiaries operating as Franklin Templeton and serving clients in over
150 countries. In Canada, the company's subsidiary is Franklin
Templeton Investments Corp., which operates as Franklin Templeton Canada. In Canada, Franklin
Fixed Income is a business name used by Franklin Templeton
Investments Corp. Franklin
Templeton's mission is to help clients achieve better
outcomes through investment management expertise, wealth management
and technology solutions. Through its specialist investment
managers, the company offers specialization on a global scale,
bringing extensive capabilities in fixed income, equity,
alternatives and multi-asset solutions. With more than 1,400
investment professionals, and offices in major financial markets
around the world, the California-based company has over 75 years of
investment experience and approximately US$1.6 trillion (approximately CAN$2.2 trillion)
in assets under management as of February
29, 2024. For more information, please
visit franklintempleton.ca and connect with Franklin Templeton on X (formerly known as
Twitter), Facebook and LinkedIn, and read the Beyond
Bulls & Bears blog.
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