Latest FRANKLIN GLOBAL GROWTH FUND - ACTIVE ETF (ASX:FRG) News

Listed funds led the week as Cadence and Pengana gained, while Infratil fell despite raising its earnings outlook. AI infrastructure, bank consolidation and new fund structures gave investors plenty to weigh.

Franklin Templeton Australia is reshaping the FRGG Active ETF, replacing its concentrated global growth strategy with Putnam’s broader core equity approach and cutting management fees by one-third. The fund is expected to adopt the ticker FTPG in October, subject to approval, but the transition may bring tax and distribution consequences for investors.

Franklin Templeton Australia has launched the Franklin Global Growth Fund – Class A, an actively managed ETF listed on the ASX aiming to outperform the MSCI World ex Australia Index with a strong ESG commitment and a 0.90% management fee.