Franklin Templeton has introduced the BrandywineGLOBAL – U.S. Fixed Income ETF (USFI), an actively managed bond fund, as the Federal Reserve approaches the end of its rate hikes. The ETF will invest in U.S. Treasuries, investment-grade corporate bonds, and U.S. mortgage bonds with a duration between one and 10 years. Despite a challenging year for bonds due to high inflation and rising rates, portfolio manager Jack P. McIntyre believes 2023 will be favorable for fixed income investments. USFI replicates a proven fixed income strategy used by Brandywine for institutional investors and aims to capitalize on decreasing inflation, regardless of whether the U.S. economy experiences a soft landing or a recession.
Franklin Templeton Launches BrandywineGLOBAL – U.S. Fixed Income ETF (USFI) Amid Economic Uncertainty