FLSA Profile
The Franklin FTSE Saudi Arabia ETF aims to provide investors with targeted exposure to the Saudi Arabian equity market. Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the FTSE Saudi Arabia Index, along with depositary receipts representing such securities. This index is designed to capture the performance of large- and mid-capitalization stocks within Saudi Arabia, reflecting the broader economic and financial trends of the country.
The FTSE Saudi Arabia Index is a key benchmark for investors seeking exposure to one of the largest and most dynamic emerging markets. It includes prominent companies across various sectors of the Saudi economy, such as energy, financials, and materials, which are critical to the kingdom's economic development and diversification efforts. By focusing on large- and mid-cap stocks, the fund provides a broad representation of the Saudi market’s economic drivers and investment opportunities.
The fund's investment strategy involves concentrating its holdings in specific industries or sectors to mirror the concentration of the index. This approach allows investors to gain focused exposure to key segments of the Saudi Arabian economy, aligning with the index's sectoral weightings. As a result, the fund may have a significant allocation to particular industries, reflecting their prominence within the Saudi market.
Managed by Franklin Templeton, the ETF benefits from the firm's extensive expertise in emerging markets and its robust research capabilities. The fund is designed to offer investors a direct and efficient way to access the Saudi Arabian equity market, leveraging the firm's deep local knowledge and global investment perspective. Its non-diversified nature reflects a strategic focus on replicating the index's performance, providing investors with a streamlined vehicle for participating in Saudi Arabia’s growth potential.
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