Summary
FLCA Chart
FLCA: Warrants Broader Interest, But Wait For A Pullback
Franklin FTSE Canada ETF offers low-cost, large-cap Canadian equity exposure with a financials-heavy portfolio and no healthcare sector allocation. FLCA, which has a best-in-class expense structure, outperforms larger peers on risk-adjusted returns and yield, but suffers from wider bid-ask spreads and lower trading volumes. FLCA is exhibiting strong momentum, and Canadian banks' sturdy tier 1 capital ratios reflect well on higher payouts.
FLCA: Low Cost, But Macro Threat Is Present
The Franklin FTSE Canada ETF offers low-cost exposure to the Canadian stock market, with an expense ratio of just 0.09%. FLCA is heavily weighted toward financials, which may face challenges due to economic troubles and potential rate cuts by the Bank of Canada. Energy sector risks include dependency on US exports and falling crude prices, while IT exposure through Shopify is affected by US-China trade relations.
FLCA: Why I Prefer Canada Stock-Picking To This ETF
Franklin FTSE Canada ETF seeks to closely track the FTSE Canada RIC Capped Index. This is one of 3 ETFs that focus on Canadian equities, and all 3 have performed similarly. The global market is too pricey for me to look at this ETF to own currently. But its stock holdings represents a nice shopping list for stock picking.
Franklin FTSE Canada ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Leon G. Cooperman Omega Advisors | 5,750 | $191,130 | $304,290 | $113,160 | 59.21% |
| YA Yinka Akinsola Blue Trust Inc. | 834 | $39,334.62 | $44,097.75 | $4,763.13 | 12.11% |
 Jeff Ameen Spire Wealth Management | 241 | $8,967.61 | $12,736.85 | $3,769.24 | 42.03% |
| IR Ira Ravitz Beverly Hills Private Wealth LLC | 4,258 | $193,334.13 | $226,163.67 | $32,829.54 | 16.98% |
| AW Ariel Weisbard Values Added Financial LLC | 4,654 | $211,304 | $246,941.24 | $35,637.24 | 16.87% |
Franklin FTSE Canada ETF (FLCA) FAQ
What is the stock price today?
On which exchange is it traded?
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Does it pay dividends? What is the current yield?
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Has Franklin FTSE Canada ETF ever had a stock split?
Franklin FTSE Canada ETF Profile
| ARCA Exchange | US Country |
Overview
The company in question operates a specific investment fund focusing on the Canadian equity market. It dedicates at least 80% of its assets to securities within the FTSE Canada Capped Index, as well as depositary receipts representing these securities. This index itself is derived from the broader FTSE Canada Index and aims at tracking the performance of large- and mid-cap Canadian stocks, offering a strategic view of Canada's market landscape. As a non-diversified fund, it might concentrate its investments more narrowly than diversified counterparts, potentially increasing both risk and reward for investors.
Products and Services
- Investment in FTSE Canada Capped Index Securities
This fund focuses on investing in securities that are part of the FTSE Canada Capped Index, which includes a selection of Canadian large- and mid-cap stocks. This approach aims to replicate the performance of the index, thereby exposing investors to the Canadian equity market through a single investment vehicle.
- Investment in Depositary Receipts
Alongside direct investments in index securities, the fund also invests in depositary receipts representing the component securities of the FTSE Canada Capped Index. This offers the fund additional flexibility and efficiency in gaining exposure to the Canadian stock market, potentially broadening the scope of investment opportunities.
