Franklin FTSE Japan ETF (FLJP)
| Assets | $1.97B |
| Expense Ratio | 0.09% |
| PE Ratio | 13.17 |
| Shares Out | 67.80M |
| Dividend (ttm) | $1.51 |
| Dividend Yield | 5.28% |
| Ex-Dividend Date | Jun 21, 2024 |
| Payout Ratio | 69.52% |
| 1-Year Return | +4.62% |
| Volume | 451,826 |
| Open | 28.51 |
| Previous Close | 28.73 |
| Day's Range | 28.36 - 28.55 |
| 52-Week Low | 25.74 |
| 52-Week High | 31.30 |
| Beta | 0.65 |
| Holdings | 498 |
| Inception Date | Nov 2, 2017 |
About FLJP
Fund Home PageThe Franklin FTSE Japan ETF (FLJP) is an exchange-traded fund that is based on the FTSE Japan RIC Capped index. The fund tracks a market-cap-selected and -weighted index of Japanese equities. FLJP was launched on Nov 2, 2017 and is issued by Franklin Templeton.
Top 10 Holdings
23.12% of assets| Name | Symbol | Weight |
|---|---|---|
| Toyota Motor Corporation | 7203 | 4.63% |
| Mitsubishi UFJ Financial Group, Inc. | 8306 | 2.99% |
| Sony Group Corporation | 6758 | 2.55% |
| Hitachi, Ltd. | 6501 | 2.51% |
| Sumitomo Mitsui Financial Group, Inc. | 8316 | 1.93% |
| Recruit Holdings Co., Ltd. | 6098 | 1.90% |
| Keyence Corporation | 6861 | 1.85% |
| Tokio Marine Holdings, Inc. | 8766 | 1.65% |
| Shin-Etsu Chemical Co., Ltd. | 4063 | 1.57% |
| Mitsubishi Corporation | 8058 | 1.55% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 21, 2024 | $1.027 | Jun 28, 2024 |
| Dec 15, 2023 | $0.478 | Dec 26, 2023 |
| Jun 16, 2023 | $0.361 | Jun 27, 2023 |
| Dec 16, 2022 | $0.205 | Dec 22, 2022 |
| Jun 17, 2022 | $0.255 | Jun 28, 2022 |
| Dec 13, 2021 | $0.311 | Dec 21, 2021 |
News
FLJP: Tariffs A Dark Cloud Over Automotive-Dominated Index
The Franklin FTSE Japan ETF is value-weighted and heavily exposed to the automotive and industrial sectors, making it vulnerable to a stronger Yen and potential US tariffs. We are optimistic about the...
Diversify portfolios outside of the U.S. to take advantage of strong growth, says Michael Landsberg
Michael Landsberg, Landsberg Bennett Private Wealth Management, joins 'The Exchange' to discuss investment opportunities abroad, why investors should trust there's room for growth in India and Japan, ...
Japan: Hotter Than Expected Inflation, Output Rebound Should Support The BoJ's Policy Normalization
Today's data were a mixed bag, but the Bank of Japan will pay more attention to the sharp rise in Tokyo's inflation. Tokyo consumer prices rose more than expected to 2.6% YoY (vs 2.2% in July, 2.3% ma...
Third Quarter Economy Signals Sought From Flash PMI Data After Japan GDP Shows Rebound
Japan's economy enjoyed a strong second quarter, according to official data, which corroborates recent robust survey data. Gross domestic product rose 0.8% in the three months to June, according to in...
BoJ Hikes By 25 Bps And Starts QT: Too Little Too Late, But In Right Direction To Prop Up The Plunging Yen
The “real” policy rate is massively negative, with the new policy rate of 0.25% far below Core CPI of 2.6%. When QT reaches about ¥3 trillion per month in 2026, it would represent a reduction of its J...
FLJP: A Good Japan Fund, But Be Careful Of The Yen
Japan's markets have been strong due to Yen weakness, making Franklin FTSE Japan ETF a good long-term investment option for exposure to Japan's competitive and efficient markets. The FLJP ETF mirrors ...
Escape Velocity: Japan's Drift Toward Sustained Inflation
Japan has been struggling for some time to generate enough velocity in inflation to escape the gravitational pull of deflation. The story for the rest of 2024 and into 2025 is now centered on whether ...
What's The Next Step For The Bank of Japan?
In March, the Bank of Japan abolished its 8-year-old negative interest rate policy, hiking rates for the first time in 17 years by raising its benchmark rate to 0-0.1%. To combat inflation while also ...
Mixed Japanese Data Supports BoJ's Policy Normalization
We'd rather downplay the weaker-than-expected manufacturing data and focus on a solid recovery in retail sales and a reacceleration in inflation, which will be welcomed by the Bank of Japan. Inflation...
What Has Led To Japan's Come-Back?
By end-April 2024, Japanese equities had outperformed the FTSE All-World index over 12 months and in the year to date. Japan has undertaken significant structural corporate reforms in recent years.
FLJP: On Second Thought, The Yen Probably Stays Weak
The Franklin FTSE Japan ETF is mostly value-weighted and has an overweight position in consumer discretionary and IT sectors. The Yen is weak, which is generally good for the FLJP, but it could derail...
Japan's Stock Rally Has Room to Run, This Expert Says. What He's Buying Now.
Masa Takeda, manager of the Hennessy Japan fund, likes insurance and semiconductor shares, and 7-Eleven parent Seven & I.
Cooler Inflation Ahead Of The Bank of Japan Meeting
Inflation slowed down in March but underlying inflationary pressures are still alive. The BoJ's pause at its next week's meeting is widely expected but markets will pay more attention to the BoJ's qua...
Can Japan's Stock Market Continue Its Record-Setting Run?
Japan's equity benchmark, the Nikkei 225 Index, has been on a tear in 2024, eclipsing its previous high set back in 1989. As of early April, the index is hovering near 40,000. Solid economic growth, a...
The Bank of Japan's New Path Ahead
The Bank of Japan is set to normalise monetary policy when certain conditions are met, namely inflation, positive real cash earnings, and a recovery in domestic demand growth. We expect the window for...
The End Of Japan's Negative Interest Rates: What It Means For Gold
The Bank of Japan's historic move to end the country's negative interest rate policy after nearly two decades triggered a jolt upward to new all-time highs for gold against the yen. The BoJ announced ...
Investors push a Japanese ETF to fresh highs, seeking protection from a falling yen
Hello! This is MarketWatch reporter Isabel Wang bringing you this week's ETF Wrap. In this week's edition, we look at one of the currency-hedged Japan ETFs, which reached its all-time high on Thursday...
End Of An Era - Bank of Japan Reverses Negative Interest Rate Policy
Kazuo Ueda becomes Governor of the Bank of Japan, continuing the loose monetary policies implemented by his predecessor. The BOJ raises short rates from -0.1% to 0.1%, becoming the last central bank t...
Flash Insights: Bank of Japan - A 'Watchful' Adjustment
The Bank of Japan raised interest rates for the first time since 2007 and has eliminated the yield curve control framework. According to the central bank, the virtuous cycle between wages and prices w...
FLJP: Fragile Growth Of Japanese Equities May Not Last For Long
Franklin FTSE Japan ETF may seem like a solid option for exposure to Japanese equities with low expense ratio and acceptable liquidity. FLJP ETF underperformed against the S&P500 despite the strong ra...
Flash PMI Signal Cooling Inflation And Stagnating Private Sector Activity In Japan
Japan's private sector activity broadly stagnated in February according to flash PMI data, attributed to a combination of slowing services activity growth and an acceleration in manufacturing output c...