Franklin Templeton launches Catholic EM sovereign debt ETF

Article 8 ETF for European investors

clock • 1 min read
The ETF will be available to investors on London Stock Exchange for a total expense ratio of 0.35%.
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The ETF will be available to investors on London Stock Exchange for a total expense ratio of 0.35%.

Franklin Templeton has expanded its $12bn global ETF platform Franklin LibertyShares with the launch of the Catholic Principles Emerging Markets Sovereign Debt UCITS ETF.

This new Article 8 Smart Beta ETF will be managed by John Beck, senior vice president and director of global fixed income and will be based on the ICE BofA Diversified Emerging Markets External Debt Sovereign Bond index. The index excludes bonds issued by countries that score poorly on criteria identified by the index provider as Roman Catholic principles, such as governments' moral integrity or social justice. The ETF also adjusts its security weightings to reduce its overall carbon footprint relative to the index.  Goldman Sachs AM launches emerging markets ex-China equity fund "...

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