Franklin Templeton Asia ex-Japan ETF cuts fees and outlines plans to exclude China

TER drop from 0.40% to 0.14%

Valeria Martinez
clock • 1 min read

The Franklin Templeton Asia ex Japan UCITS ETF is planning to re-position the fund to exclude China from its investable universe, and has also proposed to significantly slash its fees.

Subject to shareholder approval, the firm said the investment objective in the Franklin AC Asia ex Japan UCITS ETF will change from the current smart beta Asia (ex-Japan) strategy to a passive broad market capitalisation Asian equity exposure, excluding both China and Japan. The board of directors of the Dublin-domiciled Franklin Templeton ICAV said the re-positioning will bring "greater alignment with our clients' needs in the region".  "By carving out China from the investment universe, clients will be able to manage their China exposure separately according to their objectives," sa...

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