Franklin Templeton to Launch 16 Passive ETFs

With fees of 9 to 19 basis points, the fund firm joins the low-priced ETF space with country-specific and regional products

Franklin Templeton says it will launch a line of passive ETFs next Monday. The 16 country and regional market-cap weighted ETFs will have expense ratios of 0.09% to 0.19%.

“Following successful launches of our Franklin LibertyShares ETF platform in the U.S., Canada and Europe, we are now introducing a suite of passive ETFs covering both single-country and regional exposures,” said Franklin Resources President & COO Jenny Johnson, in a statement.

Franklin LibertyShares, introduced last year, have about $938 million in assets under management globally.

The new ETFs will be market-cap weighted and benchmarked to country and regional indexes from FTSE Russell. They will be managed by Dina Ting, vice president and senior portfolio manager, and Louis Hsu, vice president and portfolio manager.

“We continue to see significant interest from our clients in passive and smart beta strategies that complement our active fund management capabilities,” added Johnson.

The firm’s total AUM is $753 billion.

The new passive funds and their respective expense ratios are:

  • Franklin FTSE Australia ETF (0.09%)
  • Franklin FTSE Canada ETF (0.09%)
  • Franklin FTSE Europe ETF (0.09%)
  • Franklin FTSE Europe Hedged ETF (0.09%)
  • Franklin FTSE France ETF (0.09%)
  • Franklin FTSE Germany ETF (0.09%)
  • Franklin FTSE Hong Kong ETF (0.09%)
  • Franklin FTSE Italy ETF (0.09%)
  • Franklin FTSE Japan ETF (0.09%)
  • Franklin FTSE Hedged Japan ETF (0.09%)
  • Franklin FTSE United Kingdom ETF (0.09%)
  • Franklin FTSE South Korea ETF (0.09%)
  • Franklin FTSE Brazil ETF (0.19%)
  • Franklin FTSE China ETF (0.19%)
  • Franklin FTSE Mexico ETF (0.19%)
  • Franklin FTSE Taiwan ETF (0.19%)

--- Check out USAA Launches Its First Branded ETFs on ThinkAdvisor.

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