- Sector
- Financial Services
- Industry
- Asset Management
- Address
- DE United States of America
- IPO Date
- Nov 2, 2017
- Business
- Franklin FTSE Europe Hedged ETF (FLEH) is an exchange-traded fund that seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Developed Europe Capped Hedged Index, a market capitalization-weighted index of large- and mid-cap companies in developed Europe with a currency hedge against non-U.S. dollar fluctuations for U.S. investors. The fund invests at least 80% of its assets in component securities of the underlying index and depositary receipts representing such securities; it offers exposure to prominent European holdings such as ASML Holding NV, SAP SE, Novo Nordisk A/S, Nestle SA, and Roche Holding AG across sectors including financials, industrials, health care, consumer staples, and information technology. Launched on November 2, 2017, and managed by Franklin Templeton headquartered in San Mateo, California, FLEH targets institutional and retail investors seeking hedged equity exposure to developed European markets including France, Germany, the Netherlands, Spain, Italy, and others.
In recent developments, Franklin Templeton, the fund's issuer, has expanded its ETF lineup significantly, launching multiple new products such as the Franklin Ethereum ETF (EZET) in July 2024, Franklin XRP ETF (XRPZ) in November 2025, Franklin Small Cap Enhanced ETF (FSML) in December 2025, and others including crypto index and international equity strategies, reflecting a strategic push into digital assets, active management, and emerging markets. The firm also forged partnerships with online brokers like flatex, S Broker, and easybank in Germany and Austria in July 2025 to enhance ETF distribution in Europe and completed the acquisition of Apera Asset Management in September 2025 to bolster capabilities. These initiatives support broader ETF growth, with FLEH maintaining a low expense ratio of 0.09%, semi-annual distributions, and approximately $28-29 million in assets under management as of late 2025.