Franklin Templeton launches passive ETFs

Toronto-based Franklin Templeton Investments Corp. is launching its first suite of passive ETFs in Canada, the company announced Wednesday.

“Following the popularity of our competitively-priced passive ETFs listed in the U.S. on the New York Stock Exchange, we are now offering similar passive ETFs in Canada on the Toronto Stock Exchange (TSX),” Patrick O’Connor, head of global ETFs, Franklin Templeton, says in a statement.

Franklin Liberty Shares passive ETFs are market cap-weighted and benchmarked to country and regional indices (Canada; the United States; Japan and Europe, excluding the United Kingdom) from London-based index provider FTSE Russell.

The following ETFs began trading on the TSX on Wednesday:

Franklin FTSE Canada All Cap Index ETF (TSX: FLCD), which invests primarily in equity securities of Canadian issuers and seeks to replicate the performance of FTSE Canada all cap domestic index. The management fee is 0.05%.

Franklin FTSE U.S. Index ETF (TSX: FLAM), which invests primarily in equity securities of mid- and large-cap U.S. issuers and seeks to replicate the performance of FTSE USA index. The management fee is 0.07%.

Franklin FTSE Japan Index ETF (TSX: FLJA), which invests, directly or indirectly, primarily in equity securities of mid- and large-cap Japanese issuers and seeks to replicate the performance of FTSE Japan index. The management fee is 0.09%.

Franklin FTSE Europe ex U.K. Index ETF (TSX: FLUR), which invests primarily in equity securities of mid- and large-cap issuers in developed markets in Europe excluding the U.K. It seeks to replicate the performance of FTSE developed Europe ex U.K. index. The management fee is 0.09%.

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