Earlier last week Franklin Templeton announced the launch of a new ETF to add to their roster of almost 60 funds. The ClearBridge Sustainable Infrastructure ETF (INFR) is an expansion of their U.S. ETF suite and plans to follow companies involved in infrastructure assets that strongly follow ESG policies. A quote from the portfolio manager of the fund states, “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.”
ETF Newz Says:
The launch brings Franklin Templeton’s ETF lineup to 59 funds, with a combined AUM of $10 billion.