Franklin Templeton has signed an agreement with the Directa trading platform to distribute its 19 ETFs from its Dublin-registered Franklin LibertyShares range.
The firm writes that this distribution agreement allows Italian retail investors to access the 19 ETFs which are listed on the Italian Stock Exchange, through Directa’s online platform. Additionally, for the first year of the partnership, starting on 27 June 2022, investors will not be charged trading costs on transactions over 1000 euros.
Silvia Anselmi, ETF Sales Specialist at Franklin Templeton Italy, says: “The collaboration with Directa will help us continue to offer solutions for our retail customers who are looking for competitively priced, diversified portfolios. Retail investors are interested in increasingly strategic solutions, and we are glad to be able to make them available on Directa’s platform.”
The 19 ETFs span a full range of actively managed fixed income, passive, and smart beta ETFs, among which seven have been classified articles 8 and 9 according to the EU SFDR regulation.
Anselmi says: “Most investors are aware of ETFs’ lower expense ratios relative to mutual funds. However, it is also important to consider the transaction costs that the broker charges for buying and selling funds, which often vary depending on the size of the investment. We are pleased to be partnering with Directa to make it easier for retail investors to trade ETFs, allowing them a variety of choices for their portfolios and the opportunity to access innovative solutions.”
Through the Franklin LibertyShares global ETF platform, Franklin Templeton currently offers a number of actively and passively managed equity and bond ETFs, passive ETFs and smart betas covering both the U.S. and international equity markets. Franklin LibertyShares has approximately USD12 billion in assets under management globally as of 30 June 2022.
Elena Motta, General Manager of Directa SIM, says: “We are particularly pleased to announce the agreement with Franklin Templeton, one of the most prestigious companies in the investment landscape. Franklin Templeton creates and manages its own ETFs with the support of resources that made it one of the world’s largest independent asset managers this year. Thanks to this partnership, a selection of 19 ETFs with very interesting underlying investments will be included in our zero fees offer. Our customers will thus be able to eliminate purchase fees on these instruments. In a scenario where monitoring and controlling costs is increasingly important, it seems vital to facilitate our customers in the conscious management of their savings”.