New offering provides differentiated, high-conviction portfolio of hidden gems from around the world
Franklin Templeton Canada has expanded its lineup of active ETFs with the introduction of a new concentrated active strategy.
The Franklin Global Growth Active ETF, listed on the TSX as FGGE, provides Canadian investors a high-conviction and differentiated stock portfolio of quality companies from around the world whose prospects have yet to be recognized by the markets.
“With the tremendous growth in US mega-capitalization technology stocks, investors are looking for compelling growth stocks to complement their portfolio,” Duane Green, president and CEO of Franklin Templeton Canada, said in a statement. “Our global growth strategy uncovers unique, high quality growth opportunities globally and seeks to limit economic overlap among holdings in the fund.”
FGGE invests substantially all of its assets in the pre-existing Franklin Global Growth Fund, which has been recognized as a strong performer with a 5-star rating from Morningstar. A concentrated portfolio holding 35 to 40 global growth stocks, the fund is benchmark-agnostic and may invest anywhere around the world, with the ability to put up to 20% of its assets in equity securities of emerging-market issuers.
The Franklin Global Growth Strategy, which is now available in an ETF, mutual fund, or SMA, is co-managed by John Remmert, SVP and portfolio manager; Patrick McKeegan, VP and portfolio manager; and Don Huber, SVP and portfolio manager. Between them, they have over 80 years of industry experience, with 38 years spent managing the strategy.
FGGE comes with a management fee of 90 basis points.
