The active ETF will be listed on the NYSE Arca, but no ticker symbol has been provided. The fund has a 0.30% expense ratio.
Franklin Templeton is one of many other large mutual fund managers that have sought SEC exemptive relief for ETFs, including T. Rowe Price, Legg Mason and Federated Investors, reports Joe Morris for Ignites. But they have not pulled the trigger yet. [Mutual Fund Companies Readying Active ETFs]
For more information on the mutual fund industry, visit our mutual funds category.
Max Chen contributed to this article.