Franklin Templeton Expands ETF Lineup with Two New Income Multiplier ETFs
Thursday, Jan 23, 2025 10:33 am ET
1min read Franklin Templeton, a global investment management organization, has announced the launch of two innovative ETFs: the Franklin U.S. Dividend Multiplier ETF (XUDV) and the Franklin International Dividend Multiplier ETF (XIDV). These ETFs are designed to offer enhanced dividend income and were developed in collaboration with New Frontier and VettaFi. The Franklin U.S. Dividend Multiplier ETF seeks to track the VettaFi New Frontier US Dividend Select Index, while the Franklin International Dividend Multiplier ETF seeks to track the VettaFi New Frontier International Dividend Select Index.
Todd Mathias, Head of US ETF Product Strategy at Franklin Templeton, stated, "XUDV and XIDV demonstrate Franklin Templeton’s commitment to expanding our suite of portfolio solutions in order to meet the evolving needs of our clients. With competitive expense ratios of 0.09% for XUDV and 0.19% for XIDV, these ETFs provide cost-effective access to strategies that combine enhanced dividend income with next generation portfolio design, serving as a compelling option for investors seeking access to long-only equity income."
Robert Michaud, Chief Investment Officer of New Frontier, commented, "Our collaboration with Franklin Templeton and VettaFi on XIDV and XUDV marks a new era in both dividend investing and ETF innovation. These ETFs embody New Frontier's mission to solve complex investor challenges using optimization techniques, creating highly efficient portfolios for reliable, long-term wealth building."
The Franklin U.S. Dividend Multiplier ETF (XUDV) and the Franklin International Dividend Multiplier ETF (XIDV) have competitive expense ratios of 0.09% and 0.19%, respectively, which are significantly lower than the average expense ratio of 0.29% for Franklin Templeton's ETFs. This lower expense ratio can have a positive impact on the potential performance and attractiveness of these ETFs to investors.
In conclusion, Franklin Templeton's expansion of its ETF lineup with the launch of XUDV and XIDV capitalizes on current market trends and offers investors seeking enhanced dividend income a compelling option with competitive expense ratios and innovative dividend multiplier strategies.
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