Global investment manager Franklin Templeton announced today the launch of the ClearBridge Sustainable Infrastructure Exchange-Traded Fund (ETF), offering exposure to income-generating infrastructure assets with strong ESG attributes and stable cash flows.
According to Nick Langley, Portfolio Manager for the new fund, the launch comes as investors face a 2023 base case of slowing growth, while infrastructure assets are positioned to benefit from several macroeconomic tailwinds, including “the heightened focus on energy security in Europe, a supportive policy environment in the U.S. and the global push toward decarbonization of the global economy.”
“It is a fantastic time for investors to diversify their portfolios with exposure to infrastructure.”
Investments targeted by the new fund may include physical assets enabling communities and economies to function and grow, including transportation, electricity, energy infrastructure, water, sewage, communications and renewables.
The new fund is now listed on NASDAQ, using the ticker symbol INFR.
Patrick O’Connor, Head of Global ETFs for Franklin Templeton, said:
“We continue to expand our product offerings across asset classes and strategies to meet the growing and evolving needs of our clients. We are excited to offer this strategy from ClearBridge’s experienced infrastructure team within the attractive ETF wrapper.”