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Franklin Templeton targets more assets in ETF overhaul

Franklin Templeton Investments, the roughly $1.4 trillion asset manager known for its mutual-fund business, has its sights set on getting bigger in the cut-throat ETF market.

Generic photo of price movements. | Photo: Nick Chong/Unsplash

The US-based asset manager aims to quadruple its exchange-traded funds business to USD 50bn in the next three years, said Patrick O’Connor, head of global ETFs.

That would put it roughly within the top 10 ETF managers, though well behind industry heavyweights Vanguard and BlackRock who each have at least USD 1.8trn under management.

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