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Franklin Templeton expands Franklin LibertyShares Country and Regional Passive ETF suite

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Franklin Templeton Investments has introduced three new passive ETFs to its Franklin LibertyShares lineup – Franklin FTSE Saudi Arabia ETF (FLSA), Franklin FTSE South Africa ETF (FLZA) and Franklin FTSE Latin America ETF (FLLA) – expanding its suite of single country and regional market cap-weighted ETFs to 23 funds.

“Many investors are looking to go beyond broad-based emerging markets or developed markets portfolios to capture the differences in performance that individual countries or regions can experience at different times based on a variety of market events,” says Patrick O’Connor, head of global ETFs. “We offer investors access to a large proportion of this universe in order to make these tactical allocations using passive ETFs.”  
 
The new passive ETFs are all listed on the NYSE Arca.
 
Franklin FTSE Saudi Arabia ETF (FLSA) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Saudi Arabia Capped Index, a market capitalisation-weighted index representing the performance of Saudi Arabian large- and mid-cap stocks.
 
Franklin FTSE South Africa ETF (FLZA) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE/JSE South Africa Capped Index, a market capitalisation-weighted index representing the performance of South African large- and mid-cap stocks.
 
Franklin FTSE Latin America ETF (FLLA) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Latin America Capped Index, a market capitalisation-weighted index representing the performance of Latin American large- and mid-cap stocks.
 
Dina Ting, vice president, head of Global Index Portfolio Management and senior portfolio manager, and Louis Hsu, vice president and portfolio manager, Global ETFs, manage the new ETFs. They also manage the firm’s existing suite of passive ETFs, which includes both developed markets (Australia, Canada, Europe, Europe Hedged, France, Germany, Switzerland, Hong Kong, Italy, Japan, Japan Hedged, United Kingdom and South Korea) and emerging markets (Brazil, China, Mexico, India, Russia, Taiwan and Asia ex-Japan).

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