The Global Dividend ETF will track the Franklin Global Dividend Index, which is based off the MSCI ACWI ex REITs Index. The new ETF, though, will also utilize a multi-factor selection process based off growth and sustainability of dividends as well as quality while seeking a lower level of risk and higher risk-adjusted performance than the MSCI ACWI ex REITs Index. Top country weights include 55.0%, U.K. 9.1%, Japan 4.8%, Australia 3.6% and Canada 2.6%. FLQG has a 0.35% expense ratio.
Lastly, the Global Equity ETF will try to reflect the performance of the Franklin Global Equity Index, which is based off the MSCI ACWI Index. The ETF’s benchmark will also screen for the four quality, value, momentum and low volatility factors. Top country weights include U.S. 33.0%, U.K. 16.9%, Australia 11.8%, Canada 10.5% and Switzerland 4.2%. FLQD has a 0.45% expense ratio.
Related: Franklin Templeton Enters ETF Arena
The four new smart-beta global ETFs will join Franklin Templeton’s actively managed U.S. bond ETF, the Franklin Liberty Short Duration U.S. Government ETF (NYSEArca: FTSD), which was launched back in 2013.
For more information on new fund products, visit our new ETFs category.