Franklin Templeton launches first suite of passive ETFs in Canada

By The IJ Staff | February 21 2019 09:30AM

Franklin Templeton announced Feb. 20 that it has expanded its Franklin LibertyShares ETF lineup with a suite of passive exchange traded funds.

The new offerings are: the Franklin FTSE Canada All Cap Index ETF (FLCD); the Franklin FTSE U.S. Index ETF (FLAM); the Franklin FTSE Japan Index ETF (FLJA); and the Franklin FTSE Europe ex U.K. Index ETF (FLUR).

The management fees range between 5 to 9 bps for these new ETFs, which the company says are among the lowest in the country.

“With market-moving events like trade tensions and Brexit, investors and their advisors as well as institutional investors are looking to precisely act upon specific country and regional market views,” said Duane Green, president and CEO, Franklin Templeton Investments Canada. “These new passive ETFs provide Canadian investors with individual country and regional exposure options – including the first Japan ETF and Europe ETF that excludes the U.K. – at a very low cost.”

The new passive ETFs are market cap-weighted and benchmarked to country and regional indices from FTSE Russell. They will be managed by Dina Ting, VP, head of Global Index Portfolio Management and senior portfolio manager, based in San Mateo, California, who also manages the firm’s smart beta ETFs.