Toronto-based Franklin Templeton Canada has added a growth fund to its shelf of active ETFs.
The Franklin Global Growth Active ETF invests primarily in the Franklin Global Growth Fund. The growth fund consists of a concentrated portfolio of 35 to 40 global growth stocks.
“With the tremendous growth in U.S. mega-capitalization technology stocks, investors are looking for compelling growth stocks to complement their portfolio,” said Duane Green, president and CEO, Franklin Templeton Canada, in a release. “Our global growth strategy uncovers unique, high quality growth opportunities globally and seeks to limit economic overlap among holdings in the fund.”
The global growth strategy is managed by John Remmert, senior vice-president and portfolio manager; Patrick McKeegan, vice-president and portfolio manager; and Don Huber, senior vice-president and portfolio manager.
The fund’s management fee is 0.9%.
The ETF is listed on the Toronto Stock Exchange.