Franklin FTSE Switzerland ETF (FLSW)
ARCA ARCA Primary Summary
FLSW Chart
FLSW: Better Than EWL, But A Questionable Buy At This Juncture
Franklin FTSE Switzerland ETF is a $50m-sized product that offers exposure to 50 large and mid-cap stocks from Switzerland. FLSW appears to trump EWL on multiple fronts, notably the cost efficiency, income, and the risk-adjusted return track record. The Swiss Franc's appreciation is likely to be quite troubling for the export oriented Swiss economy, while deflationary risks too have perked up.
Franklin FTSE Switzerland ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Cynthia Schlanger Ashton Thomas Private Wealth, LLC | 2,785 | $112,966 | $120,855.07 | $7,889.07 | 6.98% |
 Millstone Evans Group LLC Millstone Evans Group LLC | 3,960 | $156,121.07 | $172,636.2 | $16,515.13 | 10.58% |
| NCI North Capital Inc. North Capital Inc. | 9,064 | $367,656 | $395,824.88 | $28,168.88 | 7.66% |
| SSA SSA Swiss Advisors AG SSA Swiss Advisors AG | 28,820 | $1.03M | $1.26M | $226,539.67 | 21.95% |
 First International Bank of Israel Ltd. First International Bank of Israel Ltd. | 84,000 | $3.41M | $3.67M | $261,055 | 7.66% |
Franklin FTSE Switzerland ETF (FLSW) FAQ
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Franklin FTSE Switzerland ETF Profile
| ARCA Exchange | US Country |
Overview
The fund described is primarily focused on investing in Swiss large- and mid-cap stocks, anchoring its investments around the components of the FTSE Switzerland Capped Index. This index is a subset of the FTSE Switzerland Index, tailored to provide a benchmark for evaluating the performance of major Swiss companies within the cap-limited framework, ensuring a focus on the larger, more stable entities in the Swiss market. Its strategy of investing at least 80% of its assets directly into the securities that comprise this index, or into depositary receipts that represent such securities, indicates a strong commitment to tracking the index closely. Despite its concentration on Swiss stocks, the fund is classified as non-diversified, suggesting a more focused investment approach, potentially leading to higher concentration risks but also possibly to higher returns from specific sectors or stocks.
Products and Services
- FTSE Switzerland Capped Index-focused Investments:
- Depositary Receipts in Swiss Securities:
The core of this fund’s investment strategy centers on the FTSE Switzerland Capped Index, signifying its commitment to investing in the Swiss stock market. This provides investors with an opportunity to engage in the Swiss market, gaining exposure to its large- and mid-cap segments. By adhering to the index’s composition, the fund aims to mirror its performance, offering a pathway for investments in a diverse range of sectors inherent to the Swiss economy, all within a capped framework to manage risk and exposure to any single entity.
In addition to direct investments in the securities of the FTSE Switzerland Capped Index, the fund also invests in depositary receipts representing such securities. This approach allows for broader participation in Swiss stocks by including instruments that may be more accessible or practical for certain investors, especially those who may not have direct access to the Swiss markets. Depositary receipts, representing a claim on the underlying Swiss stocks, expand the fund’s reach and flexibility in tracking the performance of the Swiss market effectively.
