TORONTO, April 03, 2024--(BUSINESS WIRE)--Today, Cboe Canada Inc. ("Cboe Canada") welcomes Franklin Templeton Canada ("Franklin Templeton") to ring the bell in celebration of the March 28th launch of three index tracking ETFs. The new funds are now active and trading on Cboe Canada under the symbols FLVC, FLVU, and FLVI.
"This new suite of low cost, index ETFs combine the complementary strategies of high dividends – backed by strong corporate earnings and profitability – with low volatility," said Ahmed Farooq, SVP, Head of Retail ETF Distribution, Franklin Templeton. "Within a portfolio, these ETFs can complement active and passive strategies by aiming to provide higher income and reduce overall risk."
The three new Franklin Templeton funds are as follows:
Franklin Canadian Low Volatility High Dividend Index ETF (FLVC) – seeks to replicate, to the extent possible, the performance of the Franklin Canadian Low Volatility High Dividend Index NTR (the "FLVC Index"). The FLVC Index is designed to provide stable income through investment in stocks of profitable Canadian companies with relatively high dividend yields and lower price and earnings volatility.
Franklin U.S. Low Volatility High Dividend Index ETF (FLVU) – seeks to replicate, to the extent possible, the performance of the Franklin Low Volatility High Dividend CAD Index NTR (the "FLVU Index"). The FLVU Index is designed to provide stable income through investment in stocks of profitable U.S. companies with relatively high dividend yields and lower price and earnings volatility in CAD currency.
Franklin International Low Volatility High Dividend Index ETF (FLVI) – seeks to replicate, to the extent possible, the performance of the Franklin International ex North America Low Volatility High Dividend CAD Index NTR (the "FLVI Index"). The Index seeks to provide stable income through investments in stocks of profitable companies in developed markets outside of the United States and Canada with relatively high dividend yields or anticipated dividend yields and lower price and earnings volatility in CAD currency.
"It’s an honour to welcome Franklin Templeton once again to Cboe Canada as they deliver three new geographically diversified, dividend focused ETFs to Canadian investors," remarked Erik Sloane, Global Head of Corporate Listings at Cboe Global Markets. "The new funds are an attractive option for Canadians seeking investment vehicles to enhance income, while reducing risks associated with volatility. Cboe Canada is proud to be the preferred listing venue for Franklin Templeton’s new funds and we look forward to a continued partnership that brings greater choice to the Canadian ETF landscape."
The new funds are now trading alongside five other Franklin Templeton ETFs already listed on Cboe Canada. Investors can trade units of all Franklin Templeton ETFs through their usual investment channels, including discount brokerage platforms and full-service dealers.
Cboe Canada is home to over 260 unique listings, including ETFs from Canada’s largest ETF issuers, Canadian Depositary Receipts (CDRs), and some of the most innovative Canadian and international growth companies. In Canada, Cboe consistently facilitates more than 20% of all volume traded in Canadian ETFs and over 15% of all volume traded in Canadian-listed companies. Click here for a complete view of all Cboe Canada listed securities.
About Cboe Canada
Cboe Canada is Canada’s Tier 1 stock exchange for the purpose-driven Innovation Economy, providing a best-in-class listing experience for issuers that are shaping the economies of tomorrow. Fully operational since 2015, Cboe Canada lists investment products and companies seeking an internationally recognized stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data.
Cboe Canada is part of the Cboe Global Markets network, leveraging deep international expertise, industry-leading market intelligence and technology, and unparalleled service to deliver what stakeholders and the world need now, and for the future.
Cboe powers ETF Market Canada, a user-friendly platform providing investors and advisors with one-stop access to ETF research and analysis. Real-time, institutional-grade data allows users to compare, contrast, and explore the entire universe of 1,200+ Canadian ETFs, free of charge.
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. In Canada, the company's subsidiary is Franklin Templeton Investments Corp., which operates as Franklin Templeton Canada. Franklin Templeton's mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,400 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and approximately US$1.6 trillion (approximately CAN$2.2 trillion) in assets under management as of February 29, 2024.
