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Franklin Templeton Launches First ETF, Targeting Short-Duration U.S. Government Debt

Deutsche Bank rolls out a China A-Shares ETF; FlexShares debuts a fundamentally weighted, global real estate ETF; Global X launches an emerging-markets and frontier-markets ETF; and WisdomTree offers a Korean hedged-equity ETF.

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On Tuesday, Nov. 5, Franklin Templeton finally entered the exchange-traded fund space, rolling out an actively managed ETF holding short-duration bonds issued by the U.S. government and related agencies.

Franklin Short Duration U.S. Government ETF (FTSD) is the latest actively managed fund to target the short-duration bond market. It's been a popular theme for active fixed-income managers, as stricter money market fund rules have artificially limited yields in short, high-quality debt. Fund firms have seen that portfolio managers can create value by investing in that in-between land that is just beyond money markets' credit-quality and duration limits but too short for most short-duration bond funds.

Robert Goldsborough does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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