California-based Franklin Templeton has launched a US Dividend Tilt UCITS ETF aimed at European investors.
The fund will invest in large and mid-capitalisation stocks in the US and is designed to offer income and capital appreciation from US equities.
It will track the Morningstar US Dividend Enhanced Select Index, which aims to maximise dividend yield while maintaining low tracking error relative to the broader US market.
Caroline Baron, Head of ETF Distribution, EMEA, Franklin Templeton, saod: “As US equities are an important allocation for our clients, we are delighted to offer this differentiated US equity income solution, which provides both a tilted exposure towards dividend-paying stocks and a high US equity market participation.
“The ETF is particularly suited for investors looking to generate income and capitalise on the potential growth of US equities, which are known for offering lower yields, but higher capital appreciation compared to other developed markets.”
The ETF will list on the Deutsche Börse Xetra tomorrow as well as the London Stock Exchange (LSE) and Euronext Paris on 16 January, and the Borsa Italiana on 28 January.
It is registered in Austria, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Spain, Sweden and the United Kingdom.
