Franklin Templeton has today launched its four-strong LibertyShares range of smart beta exchange traded funds into the UK, following their introduction to the US last year.
The LibertyQ Ucits range includes the US Equity, Global Dividend, European Dividend and Global Equity SRI portfolios, with asset allocation overseen by a team beneath the company’s head of global ETFs Patrick O’Connor.
‘Following successful launches in the US and Canada, we are very excited to bring our Franklin LibertyShares ETF platform to Europe,’ said O’Connor.
‘Our first European offerings aim to help investors achieve specific investment outcomes such as strong risk-adjusted returns, lower volatility and downside protection.’
O’Connor is among a number of senior staff hires Franklin Templeton has made from BlackRock, owner of iShares, in recent years. Portfolio management will be supported from London by Lorenzo Crosato, who joined the business from BlackRock last month.
The European Dividend and US Equity funds will be available at an annual fee of 0.25% while the Global Equity SRI mandate will charge 0.4% and the Global Dividend fund 0.45%.
Franklin Templeton’s head of UK Martyn Gilbey said: ‘This is a significant milestone for us and will provide clients with additional investment solutions and choices to construct their portfolios
‘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.’