Franklin Templeton has launched the Franklin FTSE Developed World UCITS ETF, investing in large and mid-cap companies across the globe.
The fund, which is the 21st index ETF for Franklin Templeton, will list on the London Stock Exchange tomorrow (25 June). The passive strategy provides access to over 2,000 companies across 25 countries.
Dina Ting, head of global index portfolio management, and Lorenzo Crosato, ETF portfolio manager, will manage the fund with over 30 years of combined experience. Ting joined Franklin Templeton in 2015 after almost 10 years at BlackRock, while Crosato joined in 2017 after also spending 10 years at BlackRock.
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Matthew Harrison, head of Americas (ex-US), Europe & UK for global advisory services at Franklin Templeton, said: “Franklin Templeton is delighted to be expanding its ETF product range with the launch of this new developed market ETF, thus offering investors more choice.
“This new passive ETF offers international and highly diversified equity exposure and can provide the core equity building block within an investor’s allocation. Such building blocks are essential for model portfolios based on ETFs, which are witnessing significant growth in Europe.”
As of the end of May, Franklin Templeton’s global ETF platform has over $26bn assets under management.
