๐๐ณ๐ข๐ฏ๐ฌ๐ญ๐ช๐ฏ ๐๐ฆ๐ฎ๐ฑ๐ญ๐ฆ๐ต๐ฐ๐ฏ ๐ช๐ด ๐ด๐ฆ๐ต ๐ต๐ฐ ๐ฆ๐น๐ฑ๐ข๐ฏ๐ฅ ๐ช๐ต๐ด ๐ฎ๐ฆ๐ต๐ข๐ท๐ฆ๐ณ๐ด๐ฆ ๐๐๐ ๐ต๐ฐ ๐ฆ๐ฏ๐ค๐ฐ๐ฎ๐ฑ๐ข๐ด๐ด ๐ข๐ณ๐ต๐ช๐ง๐ช๐ค๐ช๐ข๐ญ ๐ช๐ฏ๐ต๐ฆ๐ญ๐ญ๐ช๐จ๐ฆ๐ฏ๐ค๐ฆ ๐ข๐ฏ๐ฅ ๐ฃ๐ญ๐ฐ๐ค๐ฌ๐ค๐ฉ๐ข๐ช๐ฏ, ๐ณ๐ฆ๐ง๐ญ๐ฆ๐ค๐ต๐ช๐ฏ๐จ ๐ข ๐ด๐ต๐ณ๐ข๐ต๐ฆ๐จ๐ช๐ค ๐ฎ๐ฐ๐ท๐ฆ ๐ต๐ฐ ๐ฃ๐ณ๐ฐ๐ข๐ฅ๐ฆ๐ฏ ๐ช๐ต๐ด ๐ต๐ฆ๐ค๐ฉ๐ฏ๐ฐ๐ญ๐ฐ๐จ๐บ ๐ฆ๐น๐ฑ๐ฐ๐ด๐ถ๐ณ๐ฆ.
This expansion will lead to a rebranding of the Franklin Metaverse UCITS ETF (METU) to the Franklin AI, Metaverse and Blockchain UCITS ETF. The fund will now track the Solactive Global Metaverse Innovation index and include an additional 15 companies in its portfolio, raising the total number to 75.
๐๐ผ๐ฐ๐๐๐ฒ๐ฑ ๐๐ป๐๐ฒ๐๐๐บ๐ฒ๐ป๐ ๐ฆ๐๐ฟ๐ฎ๐๐ฒ๐ด๐
The ETFโs investment objective remains consistent, aiming to provide exposure to technologies that support products and services around the metaverse, blockchain technologies, and now artificial intelligence. The thematic categories within the index will be streamlined from seven to four, namely the metaverse ecosystem, blockchain technology, digital asset platforms, and AI applications and services. These changes are scheduled to take effect on June 7.
๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ ๐ผ๐๐ฒ๐บ๐ฒ๐ป๐๐ ๐ฎ๐ป๐ฑ ๐๐ผ๐บ๐ฝ๐ฎ๐ฟ๐ถ๐๐ผ๐ป๐
Franklin Templetonโs decision follows similar movements in the ETF market. Recently, HANetf revamped its metaverse ETF into a broader โWeb 3.0โ strategy, which involved a new name and index, as well as expanded sector exposure. Conversely, Roundhill Investments exited the European ETF market in October, closing its metaverse ETF just 18 months after its inception.
In the U.S. market, Franklin Templeton oversees $17.6 billion across 60 ETFs. Among these, the largest is the Franklin FTSE Japan ETF (FLJP) with $2.09 billion in assets. Over the last trailing year, the Franklin FTSE Japan Hedged ETF (FLJH) has been the best performer, achieving a 36% gain. The most recent addition to their ETF lineup is the Franklin Bitcoin ETF (EZBC), launched on January 11.
Despite its expansive range of ETFs, Franklin Templeton does not offer a metaverse-focused ETF in the U.S. The closest counterpart to the U.K. product is the Franklin Intelligent Machines ETF (IQM), which boasts a $20.9 million asset base and has seen a 38% increase over the past year.
๐๐ป๐ฑ๐๐๐๐ฟ๐ ๐๐ป๐๐ถ๐ด๐ต๐๐ ๐ฎ๐ป๐ฑ ๐๐๐๐๐ฟ๐ฒ ๐๐ถ๐ฟ๐ฒ๐ฐ๐๐ถ๐ผ๐ป๐
Patrick OโConnor, Franklin Templetonโs global ETF head, has discussed the companyโs expanding ETF offerings, indicating a proactive approach to evolving market demands. The inclusion of AI and blockchain technologies within the existing metaverse ETF is seen as a response to the growing investor interest in these cutting-edge sectors.
This strategic enhancement aims to provide investors with diversified exposure to pivotal technologies driving the future digital economy. The integration of AI and blockchain not only broadens the investment scope but also aligns with emerging trends in the tech industry, ensuring that the fund remains relevant and attractive to investors seeking growth opportunities in these innovative areas.
๐๐ฉ๐ฆ ๐ถ๐ฑ๐ค๐ฐ๐ฎ๐ช๐ฏ๐จ ๐ค๐ฉ๐ข๐ฏ๐จ๐ฆ๐ด ๐ต๐ฐ ๐ต๐ฉ๐ฆ ๐๐ณ๐ข๐ฏ๐ฌ๐ญ๐ช๐ฏ ๐๐, ๐๐ฆ๐ต๐ข๐ท๐ฆ๐ณ๐ด๐ฆ ๐ข๐ฏ๐ฅ ๐๐ญ๐ฐ๐ค๐ฌ๐ค๐ฉ๐ข๐ช๐ฏ ๐๐๐๐๐ ๐๐๐ ๐ด๐ช๐จ๐ฏ๐ช๐ง๐บ ๐ข ๐ค๐ฐ๐ฎ๐ฎ๐ช๐ต๐ฎ๐ฆ๐ฏ๐ต ๐ต๐ฐ ๐ด๐ต๐ข๐บ๐ช๐ฏ๐จ ๐ข๐ต ๐ต๐ฉ๐ฆ ๐ง๐ฐ๐ณ๐ฆ๐ง๐ณ๐ฐ๐ฏ๐ต ๐ฐ๐ง ๐ต๐ฆ๐ค๐ฉ๐ฏ๐ฐ๐ญ๐ฐ๐จ๐ช๐ค๐ข๐ญ ๐ข๐ฅ๐ท๐ข๐ฏ๐ค๐ฆ๐ฎ๐ฆ๐ฏ๐ต๐ด, ๐ฐ๐ง๐ง๐ฆ๐ณ๐ช๐ฏ๐จ ๐ช๐ฏ๐ท๐ฆ๐ด๐ต๐ฐ๐ณ๐ด ๐ข ๐ค๐ฐ๐ฎ๐ฑ๐ณ๐ฆ๐ฉ๐ฆ๐ฏ๐ด๐ช๐ท๐ฆ ๐ฑ๐ญ๐ข๐ต๐ง๐ฐ๐ณ๐ฎ ๐ต๐ฐ ๐ค๐ข๐ฑ๐ช๐ต๐ข๐ญ๐ช๐ป๐ฆ ๐ฐ๐ฏ ๐ต๐ฉ๐ฆ ๐ค๐ฐ๐ฏ๐ท๐ฆ๐ณ๐จ๐ฆ๐ฏ๐ค๐ฆ ๐ฐ๐ง ๐๐, ๐ฃ๐ญ๐ฐ๐ค๐ฌ๐ค๐ฉ๐ข๐ช๐ฏ, ๐ข๐ฏ๐ฅ ๐ต๐ฉ๐ฆ ๐ฎ๐ฆ๐ต๐ข๐ท๐ฆ๐ณ๐ด๐ฆ.
