Franklin FTSE China ETF (FLCH)
| Assets | $160.72M |
| Expense Ratio | 0.19% |
| PE Ratio | 11.48 |
| Shares Out | 8.20M |
| Dividend (ttm) | $0.53 |
| Dividend Yield | 2.64% |
| Ex-Dividend Date | Dec 20, 2024 |
| Payout Ratio | 32.25% |
| 1-Year Return | +28.27% |
| Volume | 40,911 |
| Open | 19.88 |
| Previous Close | 19.35 |
| Day's Range | 19.88 - 20.06 |
| 52-Week Low | 15.68 |
| 52-Week High | 23.68 |
| Beta | 0.31 |
| Holdings | 958 |
| Inception Date | Nov 2, 2017 |
About FLCH
Fund Home PageThe Franklin FTSE China ETF (FLCH) is an exchange-traded fund that is based on the FTSE China RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap companies in China. FLCH was launched on Nov 2, 2017 and is issued by Franklin Templeton.
Top 10 Holdings
45.75% of assets| Name | Symbol | Weight |
|---|---|---|
| Tencent Holdings Limited | 0700 | 14.51% |
| Alibaba Group Holding Limited | BABAF | 9.53% |
| Meituan | 3690 | 3.88% |
| Xiaomi Corporation | 1810 | 3.70% |
| China Construction Bank Corporation | CICHF | 3.22% |
| PDD Holdings Inc. | PDD | 2.66% |
| BYD Company Limited | BYDDF | 2.31% |
| Industrial and Commercial Bank of China Limited | IDCBF | 2.18% |
| Bank of China Limited | BACHF | 1.91% |
| JD.com, Inc. | 9618 | 1.83% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 20, 2024 | $0.41045 | Dec 30, 2024 |
| Jun 21, 2024 | $0.1185 | Jun 28, 2024 |
| Dec 15, 2023 | $0.3691 | Dec 26, 2023 |
| Jun 16, 2023 | $0.18731 | Jun 27, 2023 |
| Dec 16, 2022 | $0.36206 | Dec 22, 2022 |
| Jun 17, 2022 | $0.14003 | Jun 28, 2022 |
News
Disruptive Theme of the Week: China ETFs Rallying YTD
One of the top themes year-to-date has been China-focused technology ETFs. China technology stocks have surged on AI enthusiasm related to China startup DeepSeek's AI model launch.
FLCH ETF: Hang Seng Is Beating The S&P 500 - Markets Know More Than We Do
FLCH is a less commonly used ETF compared to the broader MCHI—less liquid, but cheaper and more performant. The Chinese economic outlook remains competitive, with GDP expected to grow by nearly 5% des...
Hang Seng Index: Transforming Into A Medium-Term Bearish Trend Despite Improving Services PMI From China
Sentiment remains fragile in China and Hong Kong stock market even China services activities have improved in December. Weak market breadth and a persistent bearish trend of the Chinese yuan since Nov...
FLCH: Diversified And Cost-Effective, But Comes With Risks
The Franklin FTSE China ETF has a low expense ratio of just 0.19% and offers diversification by holding 956 stocks. The top ten holdings, which equal 44% of the assets, are heavily concentrated in the...
China's Policy Measures: A Pivotal Week?
China's policymakers have announced a significant package of easing measures designed to lift China from a state of entrenched economic weakness. The reception from global markets has been very positi...
China's Data Dump Shows That Time Is Running Out To Achieve This Year's Growth Target
Data largely came in weaker than already cautious forecasts, and with a less supportive base effect, we will need to see a significant stimulus push to reach this year's growth target. Looking at the ...
Chinese Equities: How Investors Can Unlock The Power Of Dividends
Chinese companies are being encouraged to return cash to shareholders - and are finding good reasons to do so. Regulators are encouraging companies to focus on shareholder returns, and changing macroe...
China's Stalling Credit Market Signals an Era Of Stagnation
The latest figures published by the People's Bank of China show that credit and liquidity are stalling as demand for new loans declines. Deteriorating confidence in China's prospects explains why hous...
China's Key Growth Indicators Continue To Present A Case For Further Policy Easing
Data came in generally in line or slightly weaker than forecasts, as weak confidence continued to depress investment and consumption. New home prices fell by -0.65% MoM in July, compared to a -0.67% M...
The Chinese Economy Is In Trouble, Here Are The Warning Signs
China has been hit with two major crises as their financial and real estate sectors collapse simultaneously. Deflation, unemployment, divestiture, and lowered consumption are affecting all levels of s...
China's Credit Activity Remained Weak In July
New aggregate financing and loans both missed forecasts again in July amid high real interest rates and limited borrowing appetite. New RMB loans fell into contraction at RMB 770.8bn, lowering the yea...
4 Reasons To Consider The FLCH ETF
FTSE Franklin China ETF has had a choppy 2024, with only a little over 1% increase YTD. FLCH is a well-rounded product with a lower expense ratio, more stability, wider stock coverage, and a better in...
China's Sluggish May Economic Data To Increase Calls For Rate Cuts
The People's Bank of China kept the one-year medium-term lending facility rate unchanged at 2.5% today, in line with market expectations. We believe that in conjunction with today's data releases and ...
China Accelerates Policy Support Rollout Amid Mixed Data
Key economic indicators are mixed in China and, in fact, were mostly weaker than expected last month. So, policymakers are now stepping up support for the property sector in particular.
China's May PMI Disappointed As Manufacturing Fell Back Into Contraction
Manufacturing sector PMI fell back into contraction amid weak orders and slowing production. Given a fairly strong positive correlation between the data, the disappointing PMI release sends a warning ...
Thinking Hard About The China Overproduction Narrative
Concerns about “overcapacity” arise primarily for goods linked to high-wage jobs, not for low-wage industries like clothing or toys. China sees its success as a result of a system that blends state co...
FLCH: The Lowest-Cost Play On China's Revival
News flow has begun to turn positive for Chinese stocks. Policy support could gain further momentum from here. Franklin-managed FLCH continues to stand out as an ultra-low-cost China play.
PBOC Held Rates Steady In March
The PBOC held the 1-year medium-term lending facility (MLF) rate at 2.5% in March. The PBOC remains on a dovish tilt, but depreciation pressure on the RMB limits room for monetary easing in China befo...
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...
FLCH: A Contrarian Play On Extreme China Pessimism
Chinese equities have started the year on a bearish note. But at current levels, I wonder if valuations have diverged too far from fundamentals.