Franklin Templeton Canada has launched the Franklin Global Aggregate Bond Fund, a mutual fund that invests directly in the Franklin Liberty Global Aggregate Bond ETF (CAD-hedged), the firm said Monday in a release.
The ETF is one of the firm’s most successful, the firm said, and was requested as a mutual fund.
“Advisors have been asking for this core global fixed income solution in a mutual fund structure, so we’ve added it to our actively managed suite of domestic and global fixed income offerings,” said Duane Green, president and CEO at Franklin Templeton Canada, in the release.
Through the ETF, the mutual fund will have exposure to government, sovereign and corporate bonds in developed and emerging markets, with a Canadian-dollar currency hedge.
“Canadians are searching for yield in this low interest-rate environment,” Green said. “Our global aggregate bond strategy is focused on providing yield and global diversification that advisors and investors need for their fixed income portfolios, now in either a mutual fund or ETF structure, at a low cost.”