Franklin Templeton has introduced the Franklin FTSE Japan UCITS ETF2. This is Franklin Templeton’s first Japan index tracking ETF, bringing the total number of indexed ETFs to 22.
The Franklin FTSE Japan UCITS ETF focuses on Japanese large and midcap equities. It is actively maintained and tracks the performance of the FTSE Japan Index – NR (Net Return), a market capitalisation weighted index that represents the performance of big and mid-cap companies in Japan, with the goal of capturing 90% of the investable Japanese equity market universe.
The Franklin FTSE Japan UCITS ETF2 is scheduled to launch on the London Stock Exchange (LSE) and Euronext Amsterdam on 31 July 2024; the Borsa Italiana on September 4, 2024; and the Deutsche Börse Xetra (XETRA) on 30 July 2024.
Austria, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Spain, Sweden, and the United Kingdom are among the countries where it is registered.
The new ETF offers European investors cost-efficient, UCITS-compliant, Japanese equity exposure at a low TER4 of 0.09%, managed by Dina Ting and Lorenzo Crosato, with over three decades of experience.
With a variety of indexed and active ETFs, investors may seek their desired results with Franklin Templeton’s worldwide ETF platform.
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By GlobalDataAs of 30 June 2024, the global ETF platform has almost $27bn in assets under management worldwide.
Caroline Baron, head of ETF Distribution, EMEA, Franklin Templeton, said: “We are pleased to offer this new, single country index tracking Japan equity UCITS ETF to European investors. Investors can now gain diversified exposure to more than 500 Japanese companies across a wide range of industries. The Japanese equity market is the second largest equity market in Asia-Pacific and the largest developed market in the region. Following decades of deflationary tendencies, Japan’s central bank recently stated it sees a virtuous cycle between wages and prices intensifying, which should further help to bolster consumption and investments. The country’s strong position on the global technology supply chain, including semiconductors, along with a renewed focus on corporate governance and shareholder value should also bode well for the domestic equity market.”
Matthew Harrison, head of Americas (ex-US), Europe & UK, Franklin Templeton, added: “Following the launch of the Franklin FTSE Developed World UCITS ETF a few weeks ago, we are delighted to expand our offering of core equity index tracking products with the launch of this new, low-cost FTSE Japan ETF. With $6trn in market capitalisation and Japanese market returns expected to recover, Japanese equities can be a core equity building block option within an investor’s portfolio.”