California-based asset manager Franklin Templeton Investments has launched the Franklin LibertyQ Smart Beta Ucits ETF, a range of five smart beta ETF funds aimed at Italian investors.
The range of ETFs – already listed on the Italian Stock Exchange (Borsa Italiana) – includes three multi-factor equity funds focusing on quality stocks and two income funds invested in shares with regular high dividend flows.
The Franklin LibertyQ Global Equity SRI Ucits ETF (invested in global companies responsible from a social and environmental point of view); the Franklin LibertyQ US Equity Ucits ETF (invested in medium and large cap stocks in the US while replicating the LibertyQ US Large Cap Equity Index); and the Franklin LibertyQ EM Ucits ETF (invested in high quality EM stocks) are the three multi-factor equity funds, while the Franklin LibertyQ Global Dividend Ucits ETF and the Franklin LibertyQ European Dividend Ucits ETF are the two income strategies.
Patrick O’Connor, head of global ETFs at Franklin Templeton Investments, said: “Italy has been always a strategic market for us in Europe. Therefore, the fact we listed the range of funds Franklin LibertyQ Smart Beta Ucits ETF on Borsa Italiana – being Italy the fourth European market most active in terms of trading – constitutes a fundamental step towards our aim of creating a global ETF platform.”
Michele Quinto, co-branch manager and retail sales director of Franklin Templeton in Italy, added: “Italian investors are among the leaders in Europe in the use and knowledge of ETFs, particularly retail investors who seem to be interested on ETFs investments, since they offer low costs, intraday trading and liquidity.”