Franklin Templeton Launches Franklin Metaverse UCITS ETF

Franklin Templeton : The objective of the Franklin Metaverse UCITS ETF is to provide equity exposure to listed companies around the world that are involved in the metaverse.

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By ETFWorld.co.uk

Caroline Baron, Head of ETF Business Development, EMEA, Franklin Templeton

The Fund seeks to track the performance of the Solactive Global Metaverse Innovation Index-NR as closely as possible, regardless of whether the Index level rises or falls, while seeking to minimise as far as possible the tracking error between the Fund’s performance and that of the Index.

The Index is comprised of global equity securities issued by companies that have or are expected to have significant exposure to the provision of products and/or services that contribute to the metaverse and supporting blockchain technologies. The metaverse is a shared virtual 3D world that connects digital technologies. A development beyond the internet where users experience an interactive and immersive world. It is expected to influence many aspects of people’s lives from how they interact, socialise, learn, shop, work and play virtually.

Index Securities are selected from the Solactive GBS Global Markets All Cap Index, a global all-cap free-float market capitalisation index consisting of developed and emerging market listed equities. The selection of Index Securities from this universe is based on screening publicly available information such as financial news, business profiles and company publications using ARTIS®, the Index Provider’s proprietary natural language processing algorithm. ARTIS® screens the publicly available information for key words that the Index Provider has selected to describe the Index’s theme, to identify companies that have or are expected to have significant exposure to the metaverse.

These include companies engaged in metaverse technology; metaverse platforms; metaverse devices; interchange standards; data processing; blockchain technology and digital asset platforms.

Source: ETFWorld