Franklin Templeton has expanded its U.S. fairness suite in Europe with the launch of a U.S. megacap ETF.
The Franklin US Mega Cap 100 UCITS ETF (USMC) will likely be listed on the London Inventory Change (LSE), Deutsche Borse, Euronext Paris and Borsa Italiana with a complete expense ratio (TER) of 0.09%.
USMC tracks the Solactive US Mega Cap 100 Choose index, which gives publicity to 100 largest firms within the Solactive GBS United States 500 index.
The index’s prime holdings embrace: Nvidia Corp. (NVDA), Apple Inc. (AAPL), Amazon.com Inc. (AMZN), Microsoft Corp. (MSFT) and AT&T Inc. (T).
Caroline Baron (pictured), head of ETF distribution for EMEA at Franklin Templeton, stated, “Trying again 30 years, the biggest 100 securities in U.S. equities have captured larger market upside than a broader index such because the S&P 500.
“This ETF may be utilised by buyers as a nimble instrument to dial up U.S. fairness market publicity or rapidly implement a risk-on commerce, providing a definite risk-return profile.”
ETFs that supply a slice of the “prime” constituents in a given index are on the rise in Europe. BlackRock Inc. (BLK) launched the iShares S&P 500 Prime 20 UCITS ETF (SP20) in November of 2024, capturing the biggest firms inside the S&P 500 index.
The iShares NASDAQ 100 Prime 30 UCITS ETF (QTOP), which tracks the 30 largest firms within the Nasdaq-100 index, launched shortly thereafter.
Elsewhere, Franklin Templeton launched an S&P 500 ETF and an S&P World ETF with ESG tilts. The Franklin S&P 500 Screened UCITS ETF (SP5S) and Franklin S&P World Screened UCITS ETF (SPWR) have been listed in April 2025 with whole expense ratios of 0.09% and 0.14%, respectively.
This text was initially printed at etf.com sister publication ETF Stream.
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