US-based asset manager Franklin Templeton has entered into agreements with German online brokers Trade Republic and Justtrade to sell its exchange-traded funds in Germany and Austria through their digital platforms.
Investors in Germany and Austria will be able to trade any Franklin Templeton ETF ICAV range at zero cost through their cost-savings plans or with a low fee of €1 for individual trades.
Martin Bechtloff, head of ETF distribution for Germany and Austria at Franklin Templeton, said: “There is a significant untapped opportunity within the retail space for ETFs in Europe and we believe this will be a significant growth area in the future.
“We have been partnering with several brokerage platforms for a couple of years now and they have proven themselves to be important distribution channels for our ETF business. In addition, while cost-saving plans are popular with German and Austrian retail investors, by partnering with neo brokers we increase access and visibility with younger investors.”
