Home to more than half the world’s equity market, the US offers unmatched depth, liquidity and diversification potential for investors.
Explore our range of US equity solutions
Franklin Templeton offers UK investors access to a broad and diversified US equity range – from active stock-picking strategies to cost-efficient active and passive ETFs. Our range spans styles, market caps and investment approaches, designed to help you build exposure that fits your clients' goals and risk profiles.
- Value & income
- Core
- Growth
- Small cap
- ETFs
Value & income
FTGF Putnam US Large Cap Value Fund
A relative-value, large-cap US equity portfolio, the strategy seeks superior risk-adjusted returns over the long term. Established in 1992, it has outperformed the Russell 1000 Value index in nine of the last ten years.
FTF ClearBridge US Equity Income Fund
The strategy targets income growth and capital preservation by owning high-quality companies with the potential to significantly grow their dividends.
ClearBridge US Value Strategy
An opportunistic approach to uncovering value in US equities. This strategy is style pure, but flexible. It embraces uncertainty by buying meaningfully undervalued US stocks, which are underappreciated by the market.
US Dividend Tilt ETF
The Fund provides exposure to large- and mid-capitalisation US equities, investing in benchmark-included companies with an emphasis on income generation.
Core
FTGF Putnam US Research Fund
This strategy offers investors core, US large-cap equity exposure, focusing on stock selection as the primary driver of active returns. The strategy has consistently outperformed the S&P 500 index in both growth and value driven markets.
Franklin Core US Enhanced Equity Fund
Designed to improve the foundational equity allocation — this building-block fund offers broad, diversified exposure to the US equity markets. It seeks above market returns with low tracking error.
Franklin S&P 500 Screened ETF
To provide exposure to large capitalisation stocks in the US with a greater emphasis on those stocks deemed more environmentally and socially responsible. The Fund invests in equities of companies of large capitalisation in the US that are included in the benchmark.
Franklin US Mega Cap 100 UCITS ETF
Provides exposure to large-capitalisation US equities by seeking to closely track the performance of the Solactive US Mega Cap 100 Select Index – NR while minimising tracking error.
Franklin S&P 500 Paris Aligned Climate UCITS ETF
Invests in benchmark-included large-capitalisation US equities that are aligned with the move toward a low-carbon economy, focusing on companies reducing emissions or demonstrating lower exposure to climate-transition risks.
Growth
FTF Franklin US Opportunities Fund
Targets long-term growth and current income by investing predominantly in large-cap US equities, with an emphasis on value opportunities—companies viewed by the investment manager as trading below their intrinsic worth.
FTGF ClearBridge US Large Cap Growth Fund
Pursues long-term investment growth by aiming for capital appreciation through primary investment in equities of large-capitalisation U.S. companies.
Putnam US Large Cap Growth Fund
Aims for long-term capital growth by investing predominantly in large-cap US equities, concentrating on growth stocks with earnings expected to rise faster than those of comparable companies.
Small cap
FTF Royce US Smaller Companies Fund
This US small cap strategy is managed by a pioneering group of US smaller company specialists and has a long track record of delivering solid returns.
FTGF Royce US Small Cap Opportunity Fund
An established US small- and micro-cap strategy offering exposure to the US economy and a proven long-term track record.
Franklin Clearbridge US Smaller Companies ETF
This active ETF aims to identify high-quality US growth companies early in their lifecycle. The strategy seeks out businesses with strong cash flows, resilient models, and the potential to become the large caps of tomorrow.
ETFs
Franklin S&P 500 Paris Aligned Climate UCITS ETF
Seeks to capture opportunities in large-cap US equities aligned with the shift to a low-carbon economy. It invests in companies that are reducing their carbon footprint or are less vulnerable to climate transition risks.
Franklin US Equity UCITS ETF
Offers access to US medium- and large-cap equities, investing in companies included in the benchmark across these market-cap segments.
Franklin US Mega Cap 100 ETF
Provides exposure to large-capitalisation US equities by seeking to closely track the performance of the Solactive US Mega Cap 100 Select Index – NR while minimising tracking error.
Franklin S&P 500 Screened ETF
Unlocks high up-side potential in small and micro-cap US stocks, backed by 50+ years of specialist expertise.
Franklin Clearbridge US Smaller Companies ETF
This active ETF aims to identify high-quality US growth companies early in their lifecycle. The strategy seeks out businesses with strong cash flows, resilient models, and the potential to become the large caps of tomorrow.
US Dividend Tilt ETF
The Fund provides exposure to large- and mid-capitalisation US equities, investing in benchmark-included companies with an emphasis on income generation.
Why Franklin Templeton for US equities
Our heritage in US equities runs deep — but it’s our diversity of thought and approach that truly sets us apart. Across our specialist investment managers, you’ll find active insight, disciplined research, and innovative index solutions designed to meet evolving client needs.
Meet our specialist investment managers
Specialists in small- and micro-cap equities, Royce uses a disciplined value investing approach to uncover high-conviction opportunities in undervalued US companies with strong fundamentals and long-term growth potential.
An active manager of US equities, ClearBridge combines deep fundamental research with proactive ESG engagement to identify high-quality companies poised for sustainable long-term performance.
With a legacy dating back to 1937, Putnam is a global active equity manager offering value, core, and growth strategies across market caps and geographies, supported by a seasoned team of portfolio managers and analysts.
The case for US equities
Scale that drives opportunity
Innovation at the core
From technology to healthcare and clean energy, US companies continue to lead in innovation – creating dynamic growth potential for investors.
Global influence, lasting resilience
With world-leading corporations and a resilient economy, US equities remain a cornerstone for long-term portfolio strength and performance.
US Equities: Six things to consider
Every decision starts with the right questions. These six can help you frame your view of US equities.
US valuations continue to spark debate, but the headline numbers rarely tell the full story. There’s meaningful dispersion beneath the surface — between styles, sectors and individual companies. Understanding where fundamentals still justify the premium can help you frame client conversations with clarity.
A handful of mega-caps have dominated recent market performance, raising understandable questions about diversification. Looking past the headline index can reveal opportunities in less-crowded areas of the market — from quality mid-caps to overlooked small-cap innovators.
Building US exposure isn’t one-size-fits-all. Blending active insight with cost-efficient building-block ETFs can help you tailor portfolios to client goals, risk profiles and time horizons. The right mix often depends on what you’re trying to achieve — precision, flexibility or long-term alpha.
US companies continue to set the pace in innovation, from AI and cloud computing to healthcare and clean energy. The question is how durable today’s leaders are — and where the next wave of disruptors may emerge. Keeping an eye on structural trends can help inform longer-term allocations.
Interest rates, inflation, elections — there’s always plenty to digest. But not every headline truly shifts the long-term picture. Understanding which macro developments typically influence earnings and valuations can help you stay focused on what matters most for clients.
USD/GBP moves can meaningfully influence returns for UK investors. Knowing when to hedge, when not to, and how currency interacts with different parts of the US market can help you improve client outcomes — without overcomplicating portfolios.
Our latest US equities insights
FAQs: Investing in US equities
Why consider investing in US equities?
US equities offer scale, depth and diversity unmatched by most global markets. The US accounts for more than half of global equity market capitalisation, with companies that lead in innovation, productivity and long-term growth. For UK investors, US equities can help strengthen portfolio resilience and broaden return potential.
Are US equities expensive right now?
Valuations vary widely beneath the headline numbers. While some mega-cap growth stocks trade at premium levels, other areas — such as quality mid-caps or select small-cap value names — are trading at more compelling valuations. Understanding what’s driving earnings, cash flow and long-term fundamentals is key when assessing whether parts of the market still offer value.
How concentrated is the US equity market?
A small group of mega-cap companies has driven a large share of recent returns, raising concerns about concentration. But the US equity market is far broader than the headline index suggests. Quality mid-caps, smaller companies and sector specialists all contribute to one of the world’s deepest opportunity sets. Diversifying exposure beyond the biggest names can help reduce concentration risk while opening up new sources of return.
Should I use active, passive or a blend for US equity exposure?
Active and passive each bring distinct strengths. Passive ETFs offer efficient, low-cost access to market beta, while active managers can target specific opportunities, manage risks, or seek alpha in less-researched areas. Many advisers combine both to achieve precision, flexibility and cost-effectiveness. The right mix depends on your clients’ objectives, risk tolerance and time horizon.
What role does innovation play in US equity performance?
Innovation is a defining feature of the US market. Leadership in areas such as artificial intelligence, cloud computing, biotech and clean energy continues to shape long-term growth trends. Understanding which companies are driving these shifts — and how durable their competitive advantages may be — can help inform structural allocations within a diversified portfolio.
How do macroeconomic events affect US equities?
Interest rates, inflation data and policy decisions often influence short-term market sentiment. Elections and geopolitical developments can also create noise. However, long-term US equity performance is typically driven by earnings, innovation and economic resilience. Focusing on fundamentals rather than headlines may help advisers guide clients through uncertain periods.
How do currency movements (USD/GBP) affect returns for UK investors?
Movements in the GBP/USD exchange rate can significantly influence returns. A stronger pound can reduce the value of US-denominated holdings when converted back to sterling, while a weaker pound can enhance them. Deciding whether to hedge currency risk depends on client goals, time horizon and the role US equities play in the wider portfolio.
Which US equity strategies does Franklin Templeton offer for UK investors?
UK investors can access one of the broadest US equity line-ups in the market, including active stock-picking strategies, specialist small-cap managers, and building-block ETFs. Our solutions are designed to integrate seamlessly into real-world portfolios, helping advisers tailor exposure to specific client objectives and risk profiles.
Is now a good time to invest in US equities?
There is no universally “right” moment, but long-term investors often benefit from consistent exposure to the US market’s depth and innovation. Market leadership rotates, valuations shift and cycles evolve — making diversification across styles and market caps important. The best approach depends on your clients’ goals, risk tolerance and time horizon.
How can advisers talk to clients about investing in US equities today?
Start with the fundamentals: valuations, concentration, innovation drivers, macro context and currency considerations. These themes frame the opportunities and risks clearly. From there, advisers can explore implementation options — active, passive or blended — to match client goals. Transparent, evidence-based conversations can help clients stay focused on the long-term benefits of diversified US exposure.
Are US small-cap equities worth considering?
Small-caps can offer attractive long-term return potential, driven by innovation and earlier-stage growth. They also tend to be under-researched compared with large-caps, creating opportunities for skilled active managers. However, they may be more volatile and require a longer investment horizon.