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Franklin Templeton launches FTSE Developed World ETF for European investors


Franklin Templeton has announced the launch of the Franklin FTSE Developed World UCITS ETF.

The firm writes that this offering is the first world index tracking ETF in the Franklin Templeton ETF range and brings the total number of its indexed ETFs to 21.

The Franklin FTSE Developed World UCITS ETF invests in large and mid-capitalisation stocks in developed markets globally. It is passively managed and tracks the performance of the FTSE Developed Index-NR (Net Return), a market-capitalisation weighted index representing the performance of large and mid-cap companies in developed markets.

Caroline Baron, Head of ETF Distribution, EMEA, Franklin Templeton, says: “We are pleased to offer this new, low-cost, index tracking developed market UCITS ETF to European investors. With just one trade, investors can now access more than 2,000 stocks across 25 developed economies as part of a broad diversified, global portfolio. Drawing nearly USD20 billion in ETF flows in 2023, developed markets account for 40 per cent of the world’s GDP and 74 per cent of global equity market capitalisation, making this strategy an attractive equity allocation for our clients.” 

The Franklin FTSE Developed World UCITS ETF2 will list on the Deutsche Börse Xetra (XETRA) and London Stock Exchange (LSE) on 25 June 2024, and the Borsa Italiana on 26 June 2024. It is registered in Austria, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Spain, Sweden and the United Kingdom.

The firm writes that the new ETF will provide European investors with cost-efficient, UCITS-compliant, developed market equity exposure at one of the lowest total expense ratios (TER5) at 0.09 per cent in Europe for its respective category.

Matthew Harrison, Head of Americas (ex-US), Europe & UK, Global Advisory Services, Franklin Templeton, says: “Franklin Templeton is delighted to be expanding its ETF product range with the launch of this new developed market ETF, thus offering investors more choice. This new passive ETF offers international and highly diversified equity exposure and can provide the core equity building block within an investor’s allocation. Such building blocks are essential for model portfolios based on ETFs, which are witnessing significant growth in Europe.”

This ETF will be managed by Dina Ting, Head of Global Index Portfolio Management, and Lorenzo Crosato, ETF Portfolio Manager, Franklin Templeton, who have more than three decades of combined experience in the asset management industry and extensive track records in managing ETF strategies.

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