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Franklin Templeton launches three thematic funds for A-rated PM citywireselector.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywireselector.com Daily Mail and Mail on Sunday newspapers.
Franklin Templeton Launches Franklin Exponential Data ETF (XDAT) to Harness Data Transformation Franklin Templeton today announced the expansion of its thematic active ETF lineup with the addition of Franklin Exponential Data ETF (XDAT). XDAT seeks capital appreciation by investing in companies focused on or expected to benefit from the use of large data sets and/or the growth of data, including the creation, collection, cleaning, analyzing, storage, securing, transport, and/or sale of data. This includes, but is not limited to, cloud computing, data analysis, new security techniques, optical fiber, 5G and datacenter and tower infrastructure. We believe the coronavirus pandemic has driven a long-term, structural acceleration of data transformation, improving the quality of businesses, said Patrick O Connor, global head of ETFs for Franklin Templeton. As data continues to become increasingly important in our economy, the launch of XDAT showcases our continued efforts to ....