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Franklin Templeton Canada migrates four ETFs to NEO Exchange


Franklin Templeton Canada (Franklin Templeton) has migrated four regional and country ETFs from the Toronto Stock Exchange to the NEO Exchange. 

The existing tickers remain the same, and FLAM, FLCD, FLJA, and FLUR are now available for trading on NEO.

Franklin Templeton has become the 18th fund manufacturer to list products on the NEO Exchange. The four Franklin Templeton ETFs that have migrated to NEO are as follows:

Franklin FTSE U.S. Index ETF – NEO:FLAM
Franklin FTSE Canada All Cap Index ETF – NEO:FLCD
Franklin FTSE Japan index ETF – NEO:FLJA
Franklin FTSE Europe ex U.K. Index ETF – NEO:FLUR

Each of the funds seeks to replicate the performance of its corresponding index, investing primarily in equity securities of large and mid-capitalisation issuers in the respective region or country it targets. Aggregate assets of the funds represent approximately USD1.13 billion as of 2 March, 2021.

“Franklin Templeton Canada welcomes the innovation that the NEO Exchange brings to the market. With its new closing price methodology, we have taken the opportunity to move a suite of low-cost regional and country ETFs to the exchange for the benefit of our investors,” says Duane Green, President and CEO of Franklin Templeton Canada. “Our diverse and innovative global ETF platform, which offers actively managed equity and fixed income, smart beta and passive ETFs, was built to provide better client outcomes.”

Investors can trade shares of Franklin Templeton’s four regional and country ETFs through their usual investment channels, including discount brokerage platforms and full-service dealers. 

“This migration of Franklin Templeton’s ETFs is another major achievement for NEO,” says Jos Schmitt, President and CEO of NEO. “It is a strong endorsement of the innovations we have brought to market to ensure a better closing price for ETFs and our relentless push for unrestricted access to market data. We are thrilled to welcome Franklin Templeton Canada to the NEO family and look forward to providing first-rate client service as we champion their success on the NEO Exchange.”

NEO consistently represents roughly 20 per cent of all volume traded in Canadian ETFs and close to 15 per cent of all trading in Canadian-listed companies.

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