London Stock Exchange announced that today welcomes Franklin Templeton Investments as the latest ETF issuer on its market. The four smart beta ETFs, listed in London earlier this month, are the first Franklin Templeton has issued in Europe. To celebrate the launch Greg Johnson, CEO of Franklin Templeton Investments opened trading in London this morning alongside Xavier Rolet, CEO of London Stock Exchange Group.
London Stock Exchange now has 27 dedicated Exchange Traded Product (ETP) issuers with over 1350 ETPs listed on its market in total. In the first half of the year, there was more than £163 billion of ETP trading on London Stock Exchange, through more than 1.9 million trades.
Greg Johnson, CEO of Franklin Templeton Investments said:
We are very excited to bring our Franklin LibertyShares global ETF platform to Europe, following our successful launches in the US and Canada, and to partner with London Stock Exchange to make our products available to its broad and global investor base.
Nikhil Rathi, CEO of London Stock Exchange plc commented:
I’m delighted to extend our relationship with Franklin Templeton as they add to their existing London-listed funds by launching four ETFs, again choosing to access London Stock Exchange’s diverse investor base and deep pools of liquidity. We continue to see a very positive pipeline of issuers and products, cementing our position as a leading trading and listing venue for ETFs and other exchange traded products.