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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)
$7,032
AUM
$2,253,000
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-N SHS
14.94%
FSR
FIRSTRAND LTD
7.06%
MTN
MTN GROUP LTD
5.41%
SBK
STANDARD BANK GROUP LTD
5.40%
GFI
GOLD FIELDS LTD
5.01%
ANG
ANGLOGOLD ASHANTI LTD
4.21%
ABG
ABSA GROUP LTD
3.56%
CPI
CAPITEC BANK HOLDINGS LTD
3.40%
IMP
IMPALA PLATINUM HOLDINGS LTD
3.24%
SOL
SASOL LTD
3.21%
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, FNDE, GEM

FLZA
Franklin Templeton ETF Trust - Franklin FTSE South Africa ETF
EZA
BlackRock Institutional Trust Company N.A. - iShares MSCI South Africa ETF
FNDE
Schwab Strategic Trust - Schwab Fundamental Emerging Markets Large Company Index ETF
GEM
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta Emerging Markets Equity ETF
DFEM
Dimensional ETF Trust - Dimensional Emerging Markets Core Equity 2 ETF
JPEM
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return Emerging Markets Equity ETF
CWI
SSgA Active Trust - SPDR MSCI ACWI ex-US ETF
DGS
WisdomTree Trust - WisdomTree Emerging Markets SmallCap Dividend Fund
AVEM
American Century ETF Trust - Avantis Emerging Markets Equity ETF
VEU
Vanguard Group, Inc. - Vanguard FTSE All-World ex-US ETF
ACWX
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ex US 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

#GEM

Global Equity Momentum

Category

Momentum, Tactical Asset Allocation, Go Global

Risk Rating

Aggressive

#DRAGON

Dragon Portfolio

Category

Go Global

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 0.0097%. This is the percent change in the value of FLZA over the most recent 1-month period. The 3-month return on FLZA is -0.0309%. 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 0.3178%. 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 EWT, FXI, and EWC.

ETFs correlated to FLZA include EZA, FNDE, and GEM.

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

Disclaimers

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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.