Franklin Templeton says it will launch a line of passive ETFs next Monday. The 16 country and regional market-cap weighted ETFs will have expense ratios of 0.09% to 0.19%.
"Following successful launches of our Franklin LibertyShares ETF platform in the U.S., Canada and Europe, we are now introducing a suite of passive ETFs covering both single-country and regional exposures," said Franklin Resources President & COO Jenny Johnson, in a statement.
Franklin LibertyShares, introduced last year, have about $938 million in assets under management globally.
The new ETFs will be market-cap weighted and benchmarked to country and regional indexes from FTSE Russell. They will be managed by Dina Ting, vice president and senior portfolio manager, and Louis Hsu, vice president and portfolio manager.
