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Mutual Fund Giant Franklin Templeton Joins Shift to Low-Cost ETFs

  • Firm announces plans as Motley Fool finalizes its conversions
  • Dimensional has already flipped nearly $40 billion this year
Updated on

Franklin Templeton is transforming two of its mutual funds into exchange-traded vehicles as the conversion trend gathers speed.

The $1.55 trillion asset manager expects to complete the process of flipping two mutual funds with roughly $250 million of assets into ETFs by the third or fourth quarter of next year, the company said in a statement Tuesday. The plan emerged on the same week that Motley Fool Asset Management finalized a nearly $1 billion switch.