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Franklin Templeton Canada introduces new ETF

By The IJ Staff | October 06 2020 01:12PM

Franklin Templeton Canada announced Oct. 6 the launch of a new actively managed exchange traded fund – Franklin Global Growth Active ETF (FGGE).

The ETF offers investors “a high conviction and differentiated portfolio of stocks, targeting quality companies globally whose prospects have yet to be recognized by the markets,” says the company.

Listed on the Toronto Stock Exchange, FGGE invests substantially all of its assets in the Franklin Global Growth Fund, a concentrated portfolio of 35 to 40 global growth stocks. The fund may invest anywhere around the world, including up to 20 per cent of its assets in equity securities of issuers in emerging markets. The management fee for FGGE is 90 basis points.

"With the tremendous growth in US mega-capitalization technology stocks, investors are looking for compelling growth stocks to complement their portfolio," said Duane Green, president and CEO, Franklin Templeton Canada. "Our global growth strategy uncovers unique, high quality growth opportunities globally and seeks to limit economic overlap among holdings in the fund. Now available in an ETF, mutual fund or SMA, clients can leverage this strategy using whichever investment vehicle suits them best."

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