Franklin FTSE Brazil ETF (FLBR)
| Assets | $154.04M |
| Expense Ratio | 0.19% |
| PE Ratio | 4.56 |
| Shares Out | 9.70M |
| Dividend (ttm) | $1.24 |
| Dividend Yield | 7.95% |
| Ex-Dividend Date | Jun 21, 2024 |
| Payout Ratio | 36.22% |
| 1-Year Return | -23.74% |
| Volume | 41,527 |
| Open | 15.66 |
| Previous Close | 15.59 |
| Day's Range | 15.60 - 15.73 |
| 52-Week Low | 15.44 |
| 52-Week High | 21.19 |
| Beta | 1.16 |
| Holdings | 85 |
| Inception Date | Nov 3, 2017 |
About FLBR
Fund Home PageThe Franklin FTSE Brazil ETF (FLBR) is an exchange-traded fund that is based on the FTSE Brazil RIC Capped index. The fund tracks a market cap-weighted index of Brazilian large- and mid-cap stocks. FLBR was launched on Nov 3, 2017 and is issued by Franklin Templeton.
Top 10 Holdings
52.86% of assets| Name | Symbol | Weight |
|---|---|---|
| Vale S.A. | VALE3 | 10.43% |
| Petróleo Brasileiro S.A. - Petrobras | PETR4 | 10.05% |
| Itaú Unibanco Holding S.A. | ITUB4 | 7.90% |
| Petróleo Brasileiro S.A. - Petrobras | PETR3 | 7.39% |
| WEG S.A. | WEGE3 | 3.66% |
| Banco Bradesco S.A. | BBDC4 | 3.32% |
| Itaúsa S.A. | ITSA4 | 2.66% |
| B3 S.A. - Brasil, Bolsa, Balcão | B3SA3 | 2.66% |
| Ambev S.A. | ABEV3 | 2.57% |
| Centrais Elétricas Brasileiras S.A. - Eletrobrás | ELET3 | 2.22% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 21, 2024 | $0.523 | Jun 28, 2024 |
| Dec 15, 2023 | $0.717 | Dec 26, 2023 |
| Jun 16, 2023 | $1.135 | Jun 27, 2023 |
| Dec 16, 2022 | $1.040 | Dec 22, 2022 |
| Jun 17, 2022 | $1.026 | Jun 28, 2022 |
| Dec 30, 2021 | $0.111 | Jan 7, 2022 |
News
FLBR: Skeptical Vision Comes True
Recommend holding Franklin FTSE Brazil ETF due to inflation exceeding targets and increasing complexity in Brazilian investments. The government's spending cut package fell short, raising skepticism a...
FLBR: Skeptical View As Inflation Nears Target
I am downgrading my recommendation to hold the Franklin FTSE Brazil ETF due to deteriorating factors like the dollar and electricity prices in Brazil. Despite Brazilian assets being historically cheap...
FLBR: Exaggerated Pessimism Opens Up An Opportunity
Lula's attacks on Central Bank independence led to Brazil's poor performance in emerging markets, but similar speeches in 2023 resulted in a rally.
FLBR- Taking A Positive Stance Now
FLBR has delivered negative returns of 17% and underperformed emerging markets and global stocks in 2024. Despite the adverse performance so far, we are now prepared to turn more optimistic on FLBR as...
FLBR: Exceptional Value Threatened By Lula's Long Arm
FLBR offers a strong value profile with a high dividend yield (9.33% in 2023), trading at 1.5x book value and 8x earnings. However, there are concerns about Brazilian President Lula's interventionist ...
Emerging Markets Growth Remains Solid Amid Intensifying Inflationary Pressures
Emerging markets continued to expand at a solid pace midway into the first quarter of 2024, supported by broad-based expansion across both manufacturing and service sectors.
Enter The Dragon: Parsing Lunar New Year Opportunities Among Emerging Markets
China and Hong Kong markets had a humbling 2023 with equities down more than 10%. Beijing has also begun stepping up tourism and travel promotions, granting visa-free entry to 11 countries, with Singa...
FLBR: Wait On The Sidelines
The Franklin FTSE Brazil ETF offers low-cost access to mid-and-large-cap Brazilian stocks. We touch upon a few differing characteristics of FLBR in relation to its largest peer- EWZ. Brazilian macros ...
FLBR: Mixed Indicators, Cheap Brazilian Equities, Opportunities Ahead
Franklin FTSE Brazil closely mirrors the performance of the FTSE Brazil Capped Index, making it an attractive option for investors seeking RIC concentration requirements. FLBR is concentrated in the f...
FLBR: Low-Cost Exposure To Brazil Stocks
The Franklin FTSE Brazil ETF invests across the most important Brazilian companies. We highlight key advantages of FLBR compared to the larger iShares MSCI Brazil ETF including a lower expense ratio a...
FLBR: Time To Look At Brazil Again Ahead Of A Likely Monetary Policy Pivot
Brazil's key economic indicators are now moving in the right direction. A sooner-than-expected policy pivot may be on the horizon. The heavily discounted Franklin FTSE Brazil ETF is poised to benefit.
Uneven Impact Of High Interest Rates: Brazil Manufacturing Struggles While Service Thrives
The Brazilian economy avoided entering a technical recession in the opening quarter of 2023, with a growth rate of 1.9% largely beating market expectations. PMI data up to May so far point to sustaine...
Brazil's Inflation Falls And There May Be Room For Easing Monetary Policy This Year
Annual inflation in Brazil reached 4.7% in March, the lowest since January 2021, as the impact of external shocks continues to vanish. Brazil's inflationary environment remains under pressure.
FLBR: Fiscal Issues Remain The Key Overhang On Brazilian Equities
FLBR: Fiscal Issues Remain The Key Overhang On Brazilian Equities.
Brazil Beckons With Low Valuations And Growth Potential
In the fog of domestic political and fiscal uncertainty, investors may still find Brazil equities poised to benefit from structural growth trends within their industries. We believe the tide is turnin...
Investment Opportunities In Latin America
The MSCI Latin America Index has performed better than the MSCI Emerging Market Index cumulatively over the past 5 and 7 years as well as over longer time periods, buoyed by its natural resource compa...
Franklin FTSE Brazil ETF: A Bumpy Ride Ahead
The Franklin FTSE Brazil ETF offers US investors a low-cost vehicle to access Brazilian equities. Given the market cap-weighted index it tracks is heavy on mining and O&G, as well as SOEs, the ETF is ...
Water Scarcity In Latin America: Operational Challenges
Water scarcity in Latin America is likely to intensify supply chain and operational disruptions, regulatory risks, and economic losses for businesses during the next five years. In Brazil, hydropower ...
Franklin FTSE Brazil ETF: Post-Election Bull-Case Looks Solid
FLBR's volatility has been high of late but could come down now given the election results. Lula's spending ambitions could restimulate inflationary pressures but for now, things appear in good shape.
Peak Inflation May Hint At Peak Rates In Emerging Markets
Central banks across emerging markets have reacted to elevated inflation by significantly tightening monetary policy, in some cases, well ahead of the U.S. Federal Reserve and the European Central Ban...
Brazil ETFs Post Gains After Lula Victory
Stocks, currency rally amid a return of political stability.
Lula Returns To Helm Of World's 12th Largest Economy: 'Brazil Is Back'
Lula claims third term as president, narrowly defeating incumbent Jair Bolsonaro. Political divides remain deep, but the government appears balanced by a newly elected pro-market Congress.
Brazil's First-Round Election Results Increase Risk Of Gridlock In Congress, Posing Hurdles To Fiscal Consolidation
The first-round outcome is likely to buoy Bolsonaro, whose showing was better than polling had indicated. Lula has not specified how he would reduce Brazil's large current structural fiscal deficit or...