Franklin Templeton is launching the BrandywineGLOBAL – U.S. Fixed Income ETF, ticker USFI.  The total return fund invests in investment-grade and U.S. dollar-denominated fixed income securities, including government debt, corporates, MBS, and ABS.

Portfolio manager Anujeet Sareen commented in the release that "a tumultuous 2022 capped years of low yields for fixed income. Now, that’s all changed, and the current environment provides a compelling opportunity for investors to reconsider their allocations to bonds.”

Franklin Templeton offers 60 ETFs in the U.S. with a combined AUM of $13 billion and the launch of USFI expands its active fixed income ETF lineup to a total of 13 ETFs.