Alternative Investments/ESG: Franklin Templeton Launches Sustainable Infra ETF
The ClearBridge Sustainable Infrastructure Exchange-Traded Fund (INFR) is listed on the Nasdaq exchange.
The ClearBridge Sustainable Infrastructure Exchange-Traded Fund launched by Franklin Templeton seeks to invest in income-generating infrastructure assets with strong environmental, social and governance attributes and stable cash flows. The fund may invest in the physical assets necessary for communities and economies to function and grow, including transportation, electricity, energy infrastructure, water, sewage, communications and renewables. (Businesswire)
The ETF will build a portfolio of 25-50 equity securities of infrastructure companies with attractive valuation, distributions and cash flow characteristics that meet the Clearbridge’s sustainability criteria at the time of investment.
ClearBridge Sustainable Infrastructure Exchange-Traded Fund (ETF)
The NASDAQ-listed ETF has a net expense ratio of 0.59%. The ETF benchmarks the FTSE Global Core Infrastructure 50/50 – Net Tax.
ClearBridge is a specialist investment manager of Franklin Templeton.
Fundspeak
“Investors are looking at 2023 with a base case of slowing growth and possible recession, yet infrastructure assets are positioned to benefit from many macroeconomic drivers over the next year and beyond,” said Nick Langley, Portfolio Manager for the ClearBridge Sustainable Infrastructure ETF. “Because of the many tailwinds for the asset class – the heightened focus on energy security in Europe, a supportive policy environment in the U.S. and the global push toward decarbonization of the global economy – it is a fantastic time for investors to diversify their portfolios with exposure to infrastructure.”
“The added benefits of investing in listed infrastructure are that it acts as a hedge against inflation and provides portfolio diversification, given its low correlations to equity and debt markets,” noted Langley.
Related Story: Franklin Templeton To Debut Metaverse ETF In Europe
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