Is Franklin U.S. Mid Cap Multifactor Index ETF (FLQM) a Strong ETF Right Now?
Making its debut on 04/26/2017, smart beta exchange traded fund Franklin U.S. Mid Cap Multifactor Index ETF (FLQM) provides investors broad exposure to the Style Box - Mid Cap Blend category of the market.
Should Franklin U.S. Mid Cap Multifactor Index ETF (FLQM) Be on Your Investing Radar?
Launched on 04/26/2017, the Franklin U.S. Mid Cap Multifactor Index ETF (FLQM) is a passively managed exchange traded fund designed to provide a broad exposure to the Mid Cap Blend segment of the US equity market.
FLQM: Mid-Cap Multifactor Fund Swaps Growth For Quality
FLQM is a multi-factor mid-cap fund emphasizing quality, value, momentum, and low volatility. Its expense ratio is 0.30% and the ETF has $673 million in assets under management. FLQM's Index assigns a 50% weighting to the quality factor. I've double-checked this using Seeking Alpha Factor Grades and found it's the most profitable mid-cap fund on the market. The tradeoff is weak growth, which ranks #58/67 in its category. However, that can be mitigated with another high-quality, higher growth fund with only 9% overlap with FLQM.
