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ETFs

Franklin FTSE South Africa

FLZA
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 10 2018
Expense Ratio
0.19%
Type
Global Ex. US Equities
Fund Owner
Franklin Templeton
Volume (1m avg. daily)
$3,048
AUM
$2,051,000
Associated Index
FTSE/JSE South Africa Capped Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

NPN
Naspers Ltd - Ordinary Shares - Class N
14.86%
FSR
Firstrand Ltd
8.31%
SBK
Standard Bank Group Ltd.
6.31%
MTN
MTN Group Ltd.
5.18%
GFI
Gold Fields Ltd
5.13%
ABG
Absa Group Limited
3.74%
ANG
Morgan Stanley - ZC SP PPN REDEEM 20/08/2010 USD 10
3.66%
BID
Bid Corporation Limited
3.64%
CPI
Capitec Bank Hldgs
3.63%
SOL
Sasol Ltd
3.62%
Invest with FLZA

What is FLZA?

Franklin FTSE South Africa ETF seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE/JSE South Africa Capped Index. FTSE/JSE South Africa Capped Index is a market-capitalization weighted index representing the performance of South African large and mid capitalization stocks.

ETFs related toFLZA

ETFs correlated to FLZA include EZA, EMC, DGS

FLZA
Franklin Templeton ETF Trust - Franklin FTSE South Africa ETF
EZA
BlackRock Institutional Trust Company N.A. - iShares MSCI South Africa ETF
EMC
Global X Funds - Global X Emerging Markets Great Consumer ETF
DGS
WisdomTree Trust - WisdomTree Emerging Markets SmallCap Dividend Fund
GEM
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta Emerging Markets Equity ETF
IEMG
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Emerging Markets ETF
AVEM
American Century ETF Trust - Avantis Emerging Markets Equity ETF
DFAE
Dimensional ETF Trust - Dimensional Emerging Core Equity Market ETF
DFEM
Dimensional ETF Trust - Dimensional Emerging Markets Core Equity 2 ETF
XSOE
WisdomTree Trust - WisdomTree Emerging Markets ex-State-Owned Enterprises Fund
EEM
BlackRock Institutional Trust Company N.A. - iShares MSCI Emerging Markets ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFLZA

#PTI

Pick the Trending Index

Category

Momentum, Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#EMH

Emerging Markets with a Bond Hedge

Category

Momentum, Be Risk Aware, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with FLZA using Composer

FAQ

FLZA is a Global Ex. US Equities ETF. Franklin FTSE South Africa ETF seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE/JSE South Africa Capped Index. FTSE/JSE South Africa Capped Index is a market-capitalization weighted index representing the performance of South African large and mid capitalization stocks.

FLZA tracks the FTSE/JSE South Africa Capped Index.

No, FLZA is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, FLZA is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FLZA is -0.0317%. This is the percent change in the value of FLZA over the most recent 1-month period. The 3-month return on FLZA is -0.0223%. This is the percent change in the value of FLZA over the most recent 3-month period.

The standard deviation of FLZA for the past year is 0.2908%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FLZA include EWZ, EWW, and EWT.

ETFs correlated to FLZA include EZA, EMC, and DGS.

ETFs that are inversely correlated to FLZA include EDZ, EFZ, and EPV.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.