Franklin Templeton has expanded its single-country range with the launch of a Japan equity ETF, ETF Stream can reveal.
The Franklin FTSE Japan UCITS ETF (FLXJ) will list on Deutsche Börse on 30 July, the London Stock Exchange (LSE) and Euronext Amsterdam on 31 July and the Borsa Italiana on 4 September, with a total expense ratio (TER) of 0.09%.
FLXJ tracks the FTSE Japan index which captures large and mid-capitalisation stocks in Japan, equivalent to 90% of the investable Japanese equity market universe.
Its top three holdings are Toyota (5.5%), Mitsubishi UFJ Financial (2.7%) and Sony (2.3%).
Caroline Baron, head of ETF distribution for EMEA at Franklin Templeton, said: “Investors can now gain diversified exposure to more than 500 Japanese companies across a wide range of industries.
“The Japanese equity market is the second largest equity market in Asia-Pacific and the largest developed market in the region.”
FLXJ is the second ETF to track the FTSE Japan index, undercutting the Vanguard FTSE Japan UCITS ETF (VJPU) by six basis points.
It is the joint second-cheapest Japan ETF, behind the Amundi Prime Japan UCITS ETF (PRIJ), and matches the fee of the Xtrackers Nikkei 225 UCITS ETF (XDJP).
Franklin Templeton recently launched the Franklin FTSE Developed World UCITS ETF (DWLD), offering exposure to large and mid-cap stocks in developed markets globally.
In April, Franklin Templeton launched the Franklin MSCI Word Catholic Principles UCITS ETF (FLXA) with a TER of 0.27%.
