Franklin Templeton Canada launches Franklin Global Growth Active ETF
Franklin Templeton Canada has expanded its active ETF lineup with the lauch of the Franklin Global Growth Active ETF (FGGE).
FGGE provides Canadian investors with a high conviction and differentiated portfolio of stocks, targeting quality companies globally whose prospects have yet to be recognised by the markets.
"With the tremendous growth in US mega-capitalisation technology stocks, investors are looking for compelling growth stocks to complement their portfolio," says Duane Green, president and CEO, Franklin Templeton Canada. "Our global growth strategy uncovers unique, high quality growth opportunities globally and seeks to limit economic overlap among holdings in the fund. Now available in an ETF, mutual fund or SMA, clients can leverage this strategy using whichever investment vehicle suits them best."
Listed on the Toronto Stock Exchange (TSX) as FGGE, Franklin Global Growth Active ETF invests substantially all of its assets in the strong-performing, 5-star Morningstar rated Franklin Global Growth Fund, which is a concentrated portfolio of 35 to 40 global growth stocks. Benchmark indifferent, the fund may invest anywhere around the world, including up to 20 per cent of its assets in equity securities of issuers in emerging markets. The management fee for FGGE is 90 basis points (bps).
The Franklin Global Growth strategy is co-managed by John Remmert, SVP and portfolio manager, Patrick McKeegan, CFA, VP and portfolio manager, and Don Huber, SVP and portfolio manager, who have 33, 11 and 39 years of industry experience, and 18, two and 18 years of managing the strategy, respectively.