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Franklin Templeton launches European smart-beta ETF

quality and value stocksFranklin Templeton Investments has launched a European equity ETF which will have a specific focus on quality and value stocks while also encompassing other factors like momentum and volatility.

The Franklin LibertyQ European Equity Ucits ETF, which forms part of the firm’s multi-factor strategies in its LibertyShares range, will invest in large and mid-cap stocks in the Europe.

The fund will track the LibertyQ Europe Equity Index, the constituents of which are selected from the MSCI Europe Index using a multi-factor selection process which typically results in the index having around 115 components.

Caroline Baron, head of ETF Sales Emea, said: “Following the European launch of our five smart-beta ETFs last year and two active fixed income ETFs in June this year, we continue to build momentum and develop our suite of LibertyQ funds for the European market. 

“For our line-up of multi-factor strategies, we target high quality companies that are attractively valued using momentum to identify investment trends and avoid value traps.  We also use low volatility to help provide a defensive measure against downturns.”

The fund, denominated in euros and sterling, launched on the Deutsche Börse today and will begin trading on both the London Stock Exchange and the Borsa Italiana tomorrow. From September 26 it will also trade on the SIX Swiss Exchange.

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