June 18

Franklin Templeton Canada closing senior loan ETF

first_img BMO launches new U.S. ETF series IE Staff Toronto-based Franklin Templeton Canada plans to close the Franklin Liberty Senior Loan ETF (CAD-Hedged), effective Sept. 17.The decision was made by the company as part of a regular review of its investment suite. The reviews are done to ensure funds remain “competitive and positioned to meet the evolving needs of investors and advisors,” a release said. Related news Sorry we are closed sign board hanging on a door of cafe iStock Units of the fund will remain on the Toronto Stock Exchange until September but, effective Friday, no further direct subscriptions will be accepted.In September, the fund’s portfolio will be converted to cash, used first to pay for fund liabilities and obligations, and then remaining funds will be distributed to unitholders. Keywords ETF,  InvestingCompanies Franklin Templeton Investments Corp. Share this article and your comments with peers on social media Facebook LinkedIn Twitter ETF inflows hit $7 billion in May An inhospitable environment for bond ETFslast_img read more