Franklin Templeton Investments expanded its line of country- and region-specific ETFs with the addition of four new options to help access markets in India, Russia, Asia ex-Japan and Switzerland at a low cost.
On Thursday, Franklin Templeton launched the Franklin FTSE India ETF (NYSEArca: FLIN), Franklin FTSE Russia ETF (NYSEArca: FLRU), Franklin FTSE Switzerland ETF (NYSEArca: FLSW) and Franklin FTSE Asia ex Japan ETF (NYSEArca: FLAX). FLIN, FLRU and FLAX come with a 0.19% expense ratio while FLSW has a 0.09% expense ratio.
“Our suite of passive country- and region-specific ETFs has been well received in the marketplace, as clients look for low-cost vehicles that can be used to access different exposures for their portfolios or solutions capabilities,” Patrick O’Connor, head of Global ETFs at Franklin Templeton Investments, said in a note. “We think beta should be cheap, and these passive ETFs are priced close to—if not the—lowest in their category. These new ETFs further expand the options available to investors through Franklin LibertyShares, which now offers a total of 33 ETFs to U.S. investors, across active, smart beta and passive strategies.”
FLIN tries to reflect the performance of the FTSE India Capped Index, a market-capitalization weighted index representing the performance of Indian large and mid capitalization stocks.
FLRU tries to reflect the performance of the FTSE Russia Capped Index, a market-capitalization weighted index representing the performance of Russian large and mid capitalization stocks.
FLSW tries to reflect the performance of the FTSE Switzerland Capped Index, a market-capitalization weighted index representing the performance of Swiss large and mid capitalization stocks.