Franklin Templeton : The rationale behind adding ‘AI’ and ‘Blockchain’ to the name of this ETF is to better reflect the nature of the exposure with more sectors in the underlying index.
Caroline Baron, Head of ETF Distribution, EMEA, Franklin Templeton
In addition to the above, the index methodology for this ETF will be improved to increase the number of companies from 60 to 75 as this nascent segment is evolving and more and more companies are qualifying for inclusion in the index.
Furthermore, the current themes within the index will be simplified from 7 to 4 main categories, which are:
(i) Metaverse Ecosystem;
(ii) Blockchain Technology;
(iii) Digital Asset Platforms;
(iv) Artificial Intelligence applications and services.
These changes will provide greater clarity to investors and will not result in any change to the investment objective of this ETF.
| Current ETF name | New ETF name (from 7 June 2024) |
| Franklin Metaverse UCITS ETF | Franklin AI, Metaverse and Blockchain UCITS ETF |
Source: ETFWorld
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