Fees, liquidity and high valuations present hurdles for investors chasing themes
The fund will now use a proprietary factor model to minimize volatility
The firm also announced risk rating changes and new series for other funds
The asset manager said a fixed fee will offer “greater predictability and transparency”
ETF net sales increased to $5.5 billion, up from $4.7 billion in March
The firm is discontinuing both options for its imaxx mutual funds at the end of June
The products invest in companies that are making progress on mitigating climate change
The changes follow Franklin Templeton's acquisition of Legg Mason last year
Units of the mutual fund are no longer available for purchase
Mutual funds had net sales of $13 billion last month, IFIC says