Three new strategic beta exchange-traded funds from Franklin Templeton Investments began trading on Monday, the company announced.
The edition of the Franklin LibertyQ U.S. Equity ETF (FLQL), Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM) and Franklin LibertyQ U.S. Small Cap Equity ETF (FLQS) expands the company’s suite of LibertyQ strategic beta products to seven ETFs. The four existing LibertyQ funds have overseas mandates.
The underlying index for the FLQL fund contains a mix of mid- and large-cap companies, while the names of the other two funds make it self-evident what parts of the market they track. All three indexes incorporate four investment style factors: quality, value, momentum and low volatility.
Franklin Templeton’s LibertyShares ETF platform also includes four actively managed products—two on the equity side and two on the fixed-income side. Funds on the platform held roughly $623 million in assets under management as of March 31, 2017.