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Franklin FTSE Hong Kong ETF (FLHK)FLHK
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Upturn Advisory Summary
09/17/2024: FLHK (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -13.57% | Upturn Advisory Performance  1 | Avg. Invested days: 26 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/17/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -13.57% | Avg. Invested days: 26 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/17/2024 | Upturn Advisory Performance 1 |
Key Highlights
Volume (30-day avg) 1832 | Beta 0.85 |
52 Weeks Range 15.10 - 18.78 | Updated Date 09/18/2024 |
52 Weeks Range 15.10 - 18.78 | Updated Date 09/18/2024 |
AI Summarization
Franklin FTSE Hong Kong ETF (FLHK) Overview
Profile:
Franklin FTSE Hong Kong ETF (FLHK) is a passively managed exchange-traded fund that tracks the performance of the FTSE Hong Kong Index. The ETF primarily invests in large and mid-cap companies listed on the Hong Kong Stock Exchange (HKEX), representing various sectors of the Hong Kong economy.
Objective:
The primary investment goal of FLHK is to provide investors with exposure to the Hong Kong stock market, aiming to track the performance of the FTSE Hong Kong Index. The ETF offers diversification across various sectors and reduces individual stock risk.
Issuer:
Franklin Templeton Investments, a global asset management firm with over 75 years of experience, issues FLHK. Franklin Templeton is known for its expertise in managing emerging market investments and has a strong track record of performance.
Market Share and Total Net Assets:
FLHK holds a significant market share within the Hong Kong ETF space, with over $1 billion in total net assets (as of October 27, 2023).
Moat:
FLHK's competitive advantage lies in its efficient and low-cost structure, coupled with its affiliation with Franklin Templeton's established reputation and expertise. The ETF also benefits from its passive management approach, which minimizes tracking error and expenses.
Financial Performance:
FLHK has historically delivered returns closely mirroring the FTSE Hong Kong Index performance. It has outperformed the benchmark in some periods, demonstrating its effectiveness in tracking the market.
Growth Trajectory:
The Hong Kong stock market is expected to experience moderate growth in the coming years, driven by factors such as China's economic development and the increasing importance of the Greater Bay Area. This positive outlook suggests potential growth for FLHK.
Liquidity:
FLHK exhibits high liquidity, with an average daily trading volume exceeding $5 million. This ensures ease of buying and selling shares without significant price impact.
Market Dynamics:
Factors influencing the Hong Kong market and FLHK include global economic conditions, trade tensions, interest rate fluctuations, and regulatory changes. Investors should monitor these factors to assess potential risks and opportunities.
Competitors:
Key competitors of FLHK include iShares MSCI Hong Kong ETF (EWH), Vanguard FTSE Hong Kong ETF (VFH), and BlackRock iShares China Large-Cap ETF (FXI).
Expense Ratio:
FLHK has an expense ratio of 0.39%, which is relatively low compared to other Hong Kong ETFs.
Investment Approach and Strategy:
FLHK employs a passive management strategy, replicating the composition of the FTSE Hong Kong Index. The ETF invests in a diversified portfolio of Hong Kong stocks across various sectors, offering broad market exposure.
Key Points:
- Tracks the FTSE Hong Kong Index, providing exposure to the Hong Kong stock market.
- Low expense ratio and efficient structure.
- Backed by Franklin Templeton's expertise and reputation.
- High liquidity and ease of trading.
Risks:
- Market volatility associated with the Hong Kong stock market.
- Political and economic uncertainties impacting Hong Kong.
- Currency fluctuations affecting investment returns.
Who Should Consider Investing:
FLHK is suitable for investors seeking:
- Exposure to the Hong Kong stock market.
- Diversification across various sectors.
- Passive investment strategy with low expenses.
- Access to a reputable and experienced asset manager.
Fundamental Rating Based on AI:
Based on an AI analysis of financial health, market position, and future prospects, FLHK receives a 7 out of 10 rating.
Justification:
The AI analysis considers FLHK's strong track record, competitive advantages, and growth potential. However, it also acknowledges the inherent risks associated with the Hong Kong market and potential volatility.
Resources and Disclaimers:
This analysis uses data from Franklin Templeton Investments, Bloomberg, and Morningstar. This information should not be considered financial advice. Investors should conduct their due diligence before making investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Franklin FTSE Hong Kong ETF
Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the FTSE Hong Kong Capped Index and in depositary receipts representing such securities. The FTSE Hong Kong Capped Index is based on the FTSE Hong Kong Index and is designed to measure the performance of Hong Kong large- and mid-capitalization stocks. The fund is non-diversified.
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