Franklin Templeton Investments is introducing its first passive exchange-traded funds (ETFs), 16 single country and regional market-cap weighted ETFs, which will be listed on NYSE Arca on Monday, November 6.
The ETFs of developed countries will have an expense ratio of 0.09%. Those tied to emerging markets will have a ratio of 0.19%. Dina Ting and Louis Hsu, will manage the funds.
'We continue to see significant interest from our clients in passive and smart beta strategies that complement our active fund management capabilities,' said Jenny Johnson, president and COO of Franklin Resources.
Through its Franklin LibertyShares ETF platform, the firm offers an actively managed suite of equity and fixed income ETFs, and a smart beta suite covering both US and international equity markets. Franklin LibertyShares had over $938 million in assets under management worldwide as of September 30.