FLSW Profile
The Franklin FTSE Switzerland ETF aims to deliver returns by investing at least 80% of its assets in the securities included in the FTSE Switzerland Capped Index. This investment strategy includes common stocks and depositary receipts that represent these securities. The fund's primary objective is to track the performance of Swiss large- and mid-capitalization equities, reflecting their representation in the Swiss equity market.
The FTSE Switzerland Capped Index serves as the benchmark for the fund and is a subset of the FTSE Switzerland Index. It is specifically designed to measure the performance of prominent Swiss companies, focusing on both large-cap and mid-cap stocks. By applying a capping methodology, the index ensures that the weight of individual securities is limited, thus maintaining a balanced representation of the Swiss market within the fund.
The fund's non-diversified nature means it primarily invests in securities that are constituents of the FTSE Switzerland Capped Index. This concentrated investment approach is tailored to provide investors with targeted exposure to the Swiss market, offering a strategic focus on companies that are significant players in the Swiss economy. The fund's investment strategy aims to capture the performance of a broad range of industries, from financial services to healthcare and consumer goods.
Investors in the Franklin FTSE Switzerland ETF benefit from a focused exposure to Swiss equities with an emphasis on large- and mid-cap companies. By adhering to the FTSE Switzerland Capped Index, the fund provides a structured approach to investing in Switzerland's dynamic market, leveraging the index's methodology to reflect the performance of key Swiss stocks while managing concentration risk through its capping approach.
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