Franklin FTSE India ETF (7C1A)
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ARCA Primary XBER Summary
7C1A Chart
Franklin FTSE India ETF (NYSEARCA:FLIN) Reaches New 12-Month Low – Time to Sell?
Franklin FTSE India ETF (NYSEARCA:FLIN - Get Free Report) hit a new 52-week low on Friday. The company traded as low as $34.43 and last traded at $34.43, with a volume of 183638 shares changing hands. The stock had previously closed at $34.63. Franklin FTSE India ETF Trading Down 1.2% The company's 50-day moving
FLIN: Trade Deal Provides Potential Catalyst
FLIN: Trade Deal Provides Potential Catalyst
FLIN: Strong Trends, Poor Track Record
India's strong economic growth and financial sector reforms support a bullish long-term outlook, but FLIN's high valuation tempers enthusiasm. Franklin FTSE India ETF is well-diversified across financials, consumer, industrials, and infrastructure, but its performance consistently lags the INDA ETF. Despite a low expense ratio and some yield, FLIN's poor index tracking, higher risk, and lower returns make it less attractive than peers.
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Franklin FTSE India ETF Profile
| XBER Exchange | US Country |
Overview
The company described focuses on investment primarily in Indian markets. It dedicates at least 80% of its assets towards investing in securities that are part of the FTSE India Capped Index as well as in depositary receipts that correspond to these securities. This index is crafted from the broader FTSE India Index but with a focus on large- and mid-cap stocks within India, aiming to represent their performance accurately. The investment fund is characterized by its non-diversified nature, which means it may concentrate its investments more heavily in fewer securities or market sectors compared to diversified funds.
Products and Services
The company offers an investment fund centered around Indian equity markets, particularly focusing on:
- FTSE India Capped Index Investments: This forms the core of the fund's strategy, focusing on investing in securities that make up the FTSE India Capped Index. This index reflects the performance of large- and mid-cap Indian companies, offering investors exposure to a significant segment of the Indian economy.
- Depositary Receipts Investments: In addition to direct investments in the index's securities, the fund also invests in depositary receipts that represent these securities. These instruments allow the fund to hold shares in Indian companies indirectly, making it easier to manage international investments.
