NEO is proud to announce that Franklin Templeton Canada (“Franklin Templeton”) has migrated four regional and country ETFs from the Toronto Stock Exchange to the NEO Exchange. The existing tickers remain the same, and FLAM, FLCD, FLJA, and FLUR are now available for trading on NEO.
Franklin Templeton has become the 18th fund manufacturer to list products on the NEO Exchange. The four Franklin Templeton ETFs that have migrated to NEO are as follows:
- Franklin FTSE U.S. Index ETF – NEO:FLAM
- Franklin FTSE Canada All Cap Index ETF – NEO:FLCD
- Franklin FTSE Japan index ETF – NEO:FLJA
- Franklin FTSE Europe ex U.K. Index ETF – NEO:FLUR
Each of the funds seeks to replicate the performance of its corresponding index, investing primarily in equity securities of large and mid-capitalization issuers in the respective region or country it targets. Aggregate assets of the funds represent approximately $1.13 billion as of March 2, 2021.
“Franklin Templeton Canada welcomes the innovation that the NEO Exchange brings to the market. With its new closing price methodology, we have taken the opportunity to move a suite of low-cost regional and country ETFs to the exchange for the benefit of our investors,” commented Duane Green, President and CEO of Franklin Templeton Canada. “Our diverse and innovative global ETF platform, which offers actively managed equity and fixed income, smart beta and passive ETFs, was built to provide better client outcomes.”
Investors can trade shares of Franklin Templeton’s four regional and country ETFs through their usual investment channels, including discount brokerage platforms and full-service dealers. Click here for a complete view of all NEO-listed securities.
“This migration of Franklin Templeton’s ETFs is another major achievement for NEO,” remarked Jos Schmitt, President and CEO of NEO. “It is a strong endorsement of the innovations we have brought to market to ensure a better closing price for ETFs and our relentless push for unrestricted access to market data. We are thrilled to welcome Franklin Templeton Canada to the NEO family and look forward to providing first-rate client service as we champion their success on the NEO Exchange.”
NEO consistently represents roughly 20% of all volume traded in Canadian ETFs and close to 15% of all trading in Canadian-listed companies.
About NEO Exchange
NEO Exchange is a progressive stock exchange that brings together investors and capital raisers within a fair, efficient, and service-oriented environment. Fully operational since June 2015, NEO puts investors first and provides access to trading all Canadian-listed securities on a level playing field. The NEO Exchange lists non-venture companies and investment products seeking a stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data.
About Franklin Templeton Canada
Franklin Templeton Investments Corp. (known as Franklin Templeton Canada) is a subsidiary of Franklin Resources, Inc. [NYSE:BEN], a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 165 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company brings extensive capabilities in equity, fixed income, multi-asset solutions and alternatives. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has over 70 years of investment experience and approximately US$1.5 trillion (approximately CA$1.9 trillion) in assets under management as of January 31, 2021.