Franklin Templeton Investments is aggressively expanding its lineup of exchange traded funds, launching 16 new country-specific, passive index-based strategies to help investors garner targeted exposure to international markets.
Franklin Templeton will roll out 16 new country-specific ETFs on November 6, including:
- Franklin FTSE Australia ETF (NYSEArca: FLAU)
- Franklin FTSE Canada ETF (NYSEArca: FLCA)
- Franklin FTSE Europe ETF (NYSEArca: FLEE)
- Franklin FTSE Europe Hedged ETF (NYSEArca: FLEH)
- Franklin FTSE France ETF (NYSEArca: FLFR)
- Franklin FTSE Germany ETF (NYSEArca: FLGR)
- Franklin FTSE Hong Kong ETF (NYSEArca: FLHK)
- Franklin FTSE Italy ETF (NYSEArca: FLIY)
- Franklin FTSE Japan ETF (NYSEArca: FLJP)
- Franklin FTSE Japan Hedged ETF (NYSEArca: FLJH)
- Franklin FTSE United Kingdom ETF (NYSEArca: FLGB)
- Franklin FTSE South Korea ETF (NYSEArca: FLKR)
- Franklin FTSE Brazil ETF (NYSEArca: FLBR)
- Franklin FTSE China ETF (NYSEArca: FLCH)
- Franklin FTSE Mexico ETF (NYSEArca: FLMX)
- Franklin FTSE Taiwan ETF (NYSEArca: FLTW)
The developed country-specific ETFs each come with a 0.09% expense while the emerging country-specific ETFs, which include FLBR, FLCH, FLMX and FLTW, each have a 0.19% expense ratio. These Franklin Templeton country-specific ETFs are among the cheapest options available for targeting their respective markets.
“In 2016, we began executing upon a multi-year strategy to create a world class ETF business, building an experienced ETF team and leveraging the deep expertise and resources of Franklin Templeton Investments,” Jenny Johnson, president and COO of Franklin Resources, Inc, said in a note. “Following successful launches of our Franklin LibertyShares ETF platform in the US, Canada and Europe, we are now introducing a suite of passive ETFs covering both single country and regional exposures.”
Related: 10 ETF Options for Retirement Savers
The country-specific ETFs are only part of Franklin Templeton’s plans as the money manager said this would only be its first batch of passive ETFs.
“Our goal is to provide investors with the flexibility to construct diversified portfolios across active, smart beta and passive ETF strategies. Our new suite of passive ETFs will provide a cost-effective way to access beta solutions, further rounding out our offerings for US investors,” Patrick O’Connor, head of Global ETFs for Franklin Templeton Investments, said in a note.
The new country-specific ETFs are market cap-weighted and benchmarked to country and regional indices from FTSE Russell.
For more information on new fund products, visit our new ETFs category.