The new Franklin Templeton ETF will compete against similar actively managed short-duration bond ETFs like the PIMCO Enhanced Short Maturity ETF (NYSEArca: MINT), Guggenheim Enhanced Short Duration Bond (NYSEArca: GSY), SPDR SSgA Ultra Short Term Bond ETF (NYSEArca: ULST) and iShares Short Maturity Bond ETF(NYSEArca: NEAR). [Investors Use Short-Term Bond ETFs to Hedge Rising Rates]
Franklin Templeton is just one of many other large mutual fund providers with SEC approval to launch ETF products. [New Wave of Active ETFs Could Come from Mutual Fund Providers]
For more information on new product launches, visit our new ETFs category.
Max Chen contributed to this article.