The team at a publicly traded, $1.4-trillion-AUM (as of February 28), 76-year-old asset manager are preparing to roll out an actively managed, multi-asset income fund. The launch would join the firm's 58-fund, $10-billion-AUM suite of ETFs.

Patrick H.E. O'Connor Franklin Templeton Global Head of ETFs

On Friday, Patrick O'Connor, head of global ETFs for Franklin Resources, Inc. (dba Franklin Templeton) [profile], unveiled plans to launch the Franklin Income Focus ETF (INCM on the NYSE Arca) this summer. The fund will be a series of the Franklin Templeton ETF Trust.

Some details about INCM are still TBA. The Franklin Templeton team has not yet revealed the planned's expense ratio, counsel, or independent accounting firm.

Franklin Advisers, Inc. will serve as INCM's investment advisor, Franklin Distributors, LLC as distributor and principal underwriter, and Franklin Templeton Services, LLC (FT Services) as administrator. The planned fund's PM team will include: Todd Brighton, senior vice president of Franklin Advisers; Brendan Circle, SVP; and Edward Perks, president of Franklin Advisers and chief investment officer of Franklin Income Investors.

"I've been looking forward to this launch since we built the ETF platform in 2016, and the timing couldn't be better as investors continue to seek income in these challenging markets," O'Connor states.

State Streeet Bank and Trust Company will serve as custodian, sub-administrator, and transfer agent to INCM. 

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