- Business
- Franklin EM Multi-Factor Equity UCITS ETF (FLXE.DE) is an exchange-traded fund that seeks to provide exposure to medium- and large-capitalization companies in emerging markets by tracking the performance of the LibertyQ Emerging Markets Equity Index, a multi-factor benchmark selecting approximately 200 stocks from the MSCI Emerging Markets Index based on quality, value, momentum, and low volatility factors; the ETF employs a full replication strategy, holding all index constituents in proportions similar to their benchmark weightings; it is an accumulating fund, reinvesting dividends to support long-term capital growth, with a total expense ratio of 0.30% and assets under management of approximately EUR 49 million.
Launched on October 17, 2017, and domiciled in Ireland, the ETF is issued and managed by Franklin Templeton, a global investment management firm headquartered in San Mateo, California; it trades primarily on the Deutsche Boerse Xetra exchange under the ticker FLXE.DE (ISIN: IE00BF2B0K52) and is listed across multiple European venues including London Stock Exchange, Milan, and Stuttgart; the fund targets institutional and retail investors seeking diversified emerging markets equity exposure as part of a high-risk, long-term portfolio, with geographic focus on emerging market countries across Asia, Latin America, Europe, Middle East, and Africa.
The ETF maintains a portfolio diversified across sectors including financials, information technology, consumer staples, materials, and energy, with top holdings such as Gold Fields Ltd, SK Hynix Inc, China Life Insurance Co Ltd, Taiwan Semiconductor Manufacturing Co Ltd, and Nongfu Spring Co Ltd; market capitalization allocation emphasizes large-cap (>USD 50 billion: 26%), mid-cap (USD 10-50 billion: 52%), and smaller mid-cap (USD 2-10 billion: 22%) stocks; it remains unhedged against currency risk, with USD as the base currency.
No major acquisitions, funding rounds, partnerships, or product launches specific to this ETF have been reported in the last 1-2 years; Franklin Templeton has pursued broader strategic expansions, including the November 2025 launch of the Luxembourg-domiciled Franklin Lexington PE Secondaries Fund (FLEX-I) in partnership with Lexington Partners, raising over USD 875 million for private equity secondaries, and new active ETF strategies in international equities as of December 2025, alongside the planned liquidation of the unrelated Franklin Sustainable International Equity ETF in January 2026.