FRANKLIN S&P WORLD SCREENED UCITS ETF
| Issuer: Franklin Templeton |
| Asset Class: Equity |
| TER: 9bps |
| Trading Currency: USD |
| Pays Income: False |
| Listing Date: 17 Apr 2025 |
| Ticker: SPWR |
| ISIN: IE0006WOV4I9 |
This fund offers a core portfolio solution for investors seeking broad exposure to the global developed equity market with an integrated layer of environmental, social, and governance (ESG) screening. By physically replicating the S&P Developed World ex-Korea LargeMidCap Net Total Return Screened Index, it invests in a diversified basket of large and mid-capitalisation companies from developed countries across the globe. The primary objective is to mirror the performance of this benchmark, providing a cost-effective and transparent way to access a significant portion of the world's stock markets, making it a suitable foundational building block for a long-term investment strategy.
The key differentiator of this investment is its 'screened' methodology, which aligns the portfolio with specific responsible investing principles. The underlying index systematically excludes companies based on their involvement in certain activities or their failure to meet international standards. Exclusions are applied to companies that do not comply with the principles of the United Nations Global Compact, or that have significant business activities related to controversial weapons, small arms, military contracting, tobacco production, thermal coal extraction, or oil sands. This screening process allows investors to participate in global market growth while avoiding exposure to industries that may conflict with their ethical or sustainability values.
By combining comprehensive market coverage with a principles-based screening approach, the fund provides a balanced proposition. It is designed for those who want to build a diversified global equity portfolio but also wish to incorporate a degree of responsible investing without delving into more niche thematic strategies. This makes it an appealing option for investors aiming to align their financial goals with broader societal and environmental considerations, offering a simple yet effective way to invest in a more sustainable cross-section of the global economy.
