The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.
Franklin Templeton
Franklin
Templeton has just launched its new Franklin FTSE Japan
UCITS exchange-traded fund (ETF). The offering is the
first Japan index tracking ETF in the Franklin Templeton ETF
range and brings the total number of its
indexed ETFs to 22.
The Franklin FTSE Japan UCITS ETF invests in large and
mid-capitalisation stocks in Japan, the firm said in a statement.
It tracks the performance of the FTSE Japan Index – NR (Net
Return), a market-capitalisation weighted index representing the
performance of large and mid-cap companies in Japan aiming
to capture 90 per cent of the investable Japanese equity
market universe.
“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,” Caroline Baron, head of ETF
distribution at EMEA, Franklin Templeton, said. “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.”
The Franklin FTSE Japan UCITS ETF will list on the
Deutsche Börse Xetra (XETRA) on 30 July 2024, London Stock
Exchange (LSE) and Euronext Amsterdam on 31 July 2024, and the
Borsa Italiana on 4 September 2024. It is registered in
Austria, Denmark, Finland, France, Germany, Ireland, Italy,
Luxembourg, the Netherlands, Spain, Sweden and the United
Kingdom.
It will be managed by Dina Ting, head of global index
portfolio management, and Lorenzo Crosato, ETF portfolio
manager at Franklin Templeton, who have more than three
decades of experience in the asset management industry and
extensive track records in managing ETF strategies.