Franklin Templeton joins shift to low-cost ETFs
The asset manager plans to convert two mutual funds holding roughly $250 million in assets into exchange-traded funds by the third or fourth quarter of next year.
Franklin Templeton is transforming two of its mutual funds into exchange-traded vehicles as the conversion trend gathers speed.
The $1.4 trillion asset manager expects to complete the process of flipping two mutual funds with roughly $250 million of assets into ETFs by the third or fourth quarter
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