Franklin Templeton announces Putnam's first European active ETF, starting on Xetra

Franklin Templeton announced that Putnam will bring its first European active ETF to market. The fund will hold 30 to 45 US stocks and list on Xetra, then on the London Stock Exchange and Borsa Italiana a day later.

European active ETFs gathered EUR28.9 billion in the first nine months of 2026, beating the 2025 figure, according to Daily Network tracking. Assets in the category reached EUR117.1 billion at the end of September, which makes the nine-month haul equal to roughly a quarter of the asset base. Active funds still hold 3.4 percent of European ETF assets, according to the same tracking.