Liquid Alternatives: Franklin Templeton Launches FLSP, its First Alternative ETF

December 30, 2019 | Fund Updates, Liquid Alternatives

The Franklin Liberty Systematic Style Premia ETF (FLSP) is a low-cost, liquid, alternative ETF.

Franklin Templeton added a new active fund to its ETF range. The Franklin Liberty Systematic Style Premia ETF (FLSP) is an alternative ETF that is actively risk-managed, seeking a target annualized volatility of 8 percent, and targets four style factors: quality, value, momentum and carry.

Furthermore, the FLSP fund seeks to deliver absolute return (positive returns in rising or falling markets) by employing a multi-asset, long/short strategy.

FLSP allows investors diversification benefits beyond traditional asset classes through alternative sources of return. It also claims to provide cost-efficient exposure to a highly liquid investment universe.

FLSP fund data as at 12/27/2019

Inception Date 12/18/2019
Listing Exchange NYSE Arca
Total net assets $10.04 million
Benchmark ICE BofAML US 3-Month Treasury Bill Index
Gross expense ratio 0.92%
Net expense ratio 0.65%
Dividend frequency Semi-annual
NAV $25.11
Market Price $25.08

A liquid alternative ETF for stressful times

“We find investors need tools to help mute or dampen volatility and to find more consistent returns across market cycles or in times of market stress,” said Patrick O’Connor, global head of ETFs for Franklin Templeton. “FLSP looks to address those challenges­—and many others—in a low-cost, liquid ETF.”

Moreover, FLSP will benefit from the expertise of the same team that is behind the LibertyQ smart beta ETFs. Dr. Chandra Seethamraju, senior vice president, head of quantitative strategies for Franklin Templeton Multi-Asset Solutions will manage FLSP.

Related Story: CIO Roundtable: Liquid Alternatives Named a Top 10 Investment Theme for 2020                                                  

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