Effective today shortly before 4 am ET, NYSE Arca halted trading of the Franklin FTSE Russia ETF (FLRU).
Franklin Templeton supports NYSE Arca’s decision, given FLRU’s concentrated exposure to Russia and challenges such as the closure of the country’s securities market and its capital controls.
As the Russia-Ukraine situation remains fluid, it is quite difficult to gauge how long geopolitical tensions may endure. While much uncertainty remains, we take seriously the stewardship of fund assets and value our clients’ trust in this tumultuous environment.
Franklin Templeton will provide further updates to market participants on future developments related to FLRU.
About Franklin Templeton
Franklin Resources, Inc. (NYSE:BEN) is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 155 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers boutique specialization on a global scale, bringing extensive capabilities in equity, fixed income, multi-asset solutions and alternatives. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has 75 years of investment experience and over $1.5 trillion in assets under management as of January 31, 2022. For more information, please visit franklintempleton.com and follow us on LinkedIn, Twitter and Facebook.
Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions. Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments. Investments in developing markets involve heightened risks related to the same factors, in…
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