On Monday, Franklin Templeton expanded its library of exchange-traded funds with the launch of five new ETFs. Each fund provides a distinctly different approach to building exposure to municipal securities. First on the docket is the Franklin Municipal Income ETF (FTMU). FTMU seeks to generate significant current income that is exempt from federal income tax and consistent with preservation of capital. The fund has a net expense ratio of 30 basis points. Primarily, FTMU looks to invest in munis of investm ...