Franklin Templeton launches “lowest cost” emerging markets ETFs

Rio_de_JaneioroFranklin Templeton is launching passive exchange-traded funds (ETFs) in Europe that invest in Brazil, China, South Korea and India.

The fund giant has launched the cap-weighted emerging markets ETFs through its Franklin LibertyShares range and said the funds’ total expense ratios “are the lowest in Europe”.

Ranging between 0.09% and 0.19%, this means the ETFs are, on average, 70% lower than other emerging markets country Ucits ETFs, the firm said.

The Brazil, China, and Korea ETFs will launch on the Deutsche Börse on June 5, and then on the London Stock Exchange and Borsa Italiana on June 7. The Franklin FTSE India Ucits ETF will be launched across all three stock exchanges shortly afterwards.

“These four high-growth countries represent the biggest country allocations within client portfolios and broad emerging markets indices,” said Caroline Baron, regional head of ETF sales.

The ETFs are benchmarked to country indices from FTSE Russell.

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